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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

PJM Operations Now Include AEP and DP&L

LCG, October 5, 2004--On October 1, the PJM interconnection began managing the transmission lines of AEP Service Corporation and Dayton Power and Light Company. PJM now operates an integrated grid with nearly 50,000 miles of transmission lines in twelve states that connects to nearly 1,000 generators serving a peak load approaching 108,000 MW. Although PJM will control the transmission system, no ownership changes will occur.

Further expansion of the PJM system is anticipated with the integration of Dominion's Virginia Power. Virginia's Restructuring Act requires Virginia Power to join an RTO by January 1, 2005, and Virginia Power has submitted an application to do so. Settlement talks are underway that may make the hearing at the Virginia State Corporation Commission, scheduled to begin on October 12, unnecessary.

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