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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

AES Says Justice Probe Arose from Thermo Ecotek Deal

LCG, June 7, 2001An investigation by the U.S. Justice Department focused on dealings between AES Southland LLC and Williams Energy Services Co. may have had its origins in a Justice Department review of the planned acquisition by AES Corp. of Thermo Ecotek Corp., an AES spokesman said yesterday.

On Tuesday, AES Corp. revealed in a Securities and Exchange Commission filing that it was under investigation by the antitrust division of Justice. The department alleges that an agreement between AES Southland, which operates three large power plants in Southern California, and Williams, which markets all of the power from those plants, "limits the expansion of electric generating capacity at or near certain plants owned by AES Southland LLC."

Yesterday, AES spokesman Kenneth Woodcock said the investigation grew out of a routine Justice Department review of AES Corp.'s plans to buy Thermo Ecotek from Thermo Electron Corp. of Massachusetts. That $195 million deal was announced in February.

Both AES and Williams said they are cooperating with the investigation.

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