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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

TXU Sells English Power Plant to International Power

LCG, June 11, 2001International Power, the British electric generator created with the breakup of National Power, said this morning it will pay TXU Europe 200 million ($277 million U.S.) for the 1,000 megawatt Rugeley Power Station near Birmingham in central England.

Under the deal, the European arm of Texas electric company TXU Corp. will continue to provide coal for the Rugeley plant and purchase the power station's output. The tolling agreement lasts through the end of 2005.

Peter Giller, chief executive of International Power, said "We are pleased to acquire this efficient coal facility, which will give us a reliable medium-term earnings contribution under the tolling agreement."

In a joint statement, the companies said International Power would pay one-third of the selling price upon closing of the deal, which is expected later this month, and the balance within six months. The companies also said there would be no job losses as a result of the transaction.

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