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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

Demise of Ontario Power Price Caps Possible

LCG, Oct. 30, 2003--Power price caps put in place by the outgoing Conservative government in the Canadian province of Ontario are responsible for a C$2 million ($1.5 million) daily outflow from the provincial government, according to the new Liberal Party premier Dalton McGuinty, who asked his energy minister to develop a retail pricing system "that better reflects the true cost of electricity" within thirty days.

The fiscal situation of the province is by McGuinty's admission a primary reason that the price caps require close scrutiny. The new government projects that a deficit of C$5.6 billion ($4.26 billion) will be reached duriing the current fiscal year.

Considerable political pressure resulted when deregulated power prices rose considerably, more than a year ago. Under the caps that were enacted to shield residents and small businesses, the difference between the caps and market prices has been shouldered by the province. Builders and developers of energy infrastructure said shortly after the caps were imposed that the uncertainty about their possible returns from new investments made it difficult to justify building.
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