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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

Florida Panel Backs Wholesale Power Dereg

LCG, Feb. 1, 2001Florida's Energy 2020 Study Commission put a cautious toe into the electric deregulation waters yesterday by unanimously recommending that the state legislature consider opening the wholesale power market to competition.

The commission's recommendation was part of its overall objective of determining the best way to allow all Florida electricity consumers to choose their own suppliers, something the panel feels will take several years.

If the legislature acts on the panel's recommendation, it would open the way for merchant power plants to be built in Florida, including a facility proposed by Duke Energy Corp. in New Smyrna Beach. That project was stalled when the state's three big electric utilities prevailed on the Florida Supreme Court to rule that such a plant could not be built without legislative approval.

Michael Green, general manager for Duke's operations in the southeastern United States, said hiscompany would immediately revive its plans to build the New Smyrna Beach plant.

Commission chairman Walter Revell said Florida must build its sources of electric generation to avoid problems such as those in California, where no new power plants have been built in more than a decade.

The Energy 2020 Study Commission was created by Florida Gov. Jeb Bush last May and has been under pressure to produce a recommendation for this spring's legislative session.

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