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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

Dayton Power Pays its Taxes, and Says So

LCG, Feb. 15, 2001Dayton Power & Light Co., like electric utilities everywhere, is a major source of funds for local government. The property taxes paid by utilities are responsible for everything from schools to roads to public buildings to the stripes on the sheriff's trousers.

At the same time, local politicians abuse their electric companies, blaming them for outages caused by storms and every disease that can be remotely connected with power plant emissions.

DP&L decided it was time that the people of Montgomery County, Ohio, knew how important their local utility was to local government finances. Yesterday, the company paid its property taxes for the first half of the taxable year, and got out a press release saying so.

Not only that, Tom Studevant, the company's director of community relations, personally presented Montgomery County Treasurer Hugh Quill with DP&L's check for $16.1 million. As he did so, he pointed out that the company is the largest payer of total real and personal property taxes in the county.

The DPL Inc. subsidiary said it annually pays about $73 million in property taxes to 46 Ohio counties in which it serves customers and has property. These payments are a significant portion of the funding for the operations and capital requirements of school districts as well as that of municipal, township and county governments, and DP&L wants them to know it.

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