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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

Cinergy Reorganization Aimed at Boosting Growth

LCG, Feb. 6, 2001Cinergy Corp. said last night that it would reorganize its business units into three groups, one for regulated businesses and the other two for merchant energy and something called "power technology and infrastructure services."

"Today, about 50 percent of our earnings come from non-regulated markets," Chief ExecutiveJames Rogers said, calling it "a dramatic change from five years ago when nearly all of our earnings came from our regulated business."

The company said each of the units will have its own chief executive, with Michael Cyrus heading up the merchant energy group, made up of Cinergy's power plants. He currently heads the company's energy commodities division.

William Grealis will run the regulated businesses, which consist of the company's gas and electric transmission and distribution activities. He now is an executive vice president and Rogers' chief of staff. Larry Thomas, who is at present the head of power technology and energy delivery, will be chief executive of power technology and infrastructure services.

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