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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

Oklahoma May Slow Dereg Pace

LCG, Feb. 20, 2001The Oklahoma state House Energy and utility Regulation Committee was to consider a bill today that would make the beginning of electric deregulation in the Sooner State occur later.

The measure, introduced by Democrat Rep. Larry Rice, would extend the deadline for implementing electric deregulation from July 1, 2002, to Jan. 1, 2004. Rice was pretty sure the legislation would be moved to the floor of the Oklahoma House, "But you never know."

He'll get help from the other side of the aisle if it does. Rep. Larry Ferguson, chairman of the Republican Caucus' electric deregulation committee, said he his people favor delaying deregulation "until at least January 2004."

Ferguson added, "With all that's gone on in California and some other places, I think people are very suspicious of deregulation."

Oklahoma state Sen. Kevin Easley, who wrote the legislation that would start deregulation in 2002, said he didn't see a need for delay. He agreed the news from California was not reassuring, "But I feel like that's only because the success stories related to some of the other 20 states has not gotten out. It's easier to talk about the one failure than it is the 22 or 23 successes, starting with Pennsylvania and moving on down to Arizona."

Easley pointed out that California's problem was one of supply and demand and Oklahoma had the supply and would not see the power shortages that upset the applecart in California. Oklahoma has about 12,000 megawatts of installed capacity and another 9,000 megawatts under construction.

"We only have 13,000 megawatts that we use on our worst peaking day," Easley said.

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