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NextEra Energy Resources and Basin Electric Power Cooperative Announce MOU to Develop 1,450-MW Natural Gas-fired Power Plant in North Dakota

LCG, December 8, 2025--Basin Electric Power Cooperative (Basin Electric) and NextEra Energy Resources, LLC (NextEra) today announced that they have signed a memorandum of understanding (MOU) to explore the joint development of the River Run Energy Center, a new combined-cycle natural gas-fueled generation facility in Basin Electric's North Dakota service territory. The proposed facility will have a planned capacity of approximately 1,450 MW.

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LCG Releases January–March 2026 PJM Congestion Outlook Featuring Fundamentals-Based 3-Month Forecast

LCG, December 2, 2025 — LCG today announced the release of its PJM Congestion Outlook for January–March 2026, delivering a fundamentals-based, three-month forecast designed to help traders and risk managers better navigate congestion risks in PJM’s FTR markets.

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Industry News

SMUD Considers Pumped Storage

LCG, September 4, 2003—Sacramento MunicipalUtility District is considering building a pumped storage plant to supply electricity during peak demandhours.

SMUD may apply for a federal license for pumpedstorage along with a renewal application for its 11dams and eight power plants along the American River.The plant would pump water uphill during times ofoff-peak demand and use the water’s potentialenergy to generate electricity during peak demand.

While pumped storage is, after all, energy-inefficient (since energy is always lost in the process), it can serve as a sort of giant battery togive an energy provider greater flexibility whenpower is produced. Cheap electricity produced at nightcan be stored by using that electricity to pump wateruphill, and then the same water can be allowed to falldownhill and through turbines during peak demand hoursto provide electricity.

The project will require extensive environmentalreview because it will affect fish and wildlife, aswell as recreation. So far, SMUD engineers havecontemplated blasting out a hillside next to theAmerican River in order to construct part of theplant; this underground network would connect to thesummit of Iowa Hill, where a new lake would becreated.

Several government agencies have warned SMUD thatthere is not sufficient time between now and the 2005deadline to fully investigate the project, and SMUD issure to meet opposition from local fisherman,residents, and farmers, who already feel SMUD has toomuch control over the American River’s water.

If the project passes environmental review andmakes it past local opposition, it willtake about four years to construct. The plant isexpected to generate 400 megawatts.

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