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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

Unitil Asks for New Hampshire Rate Decrease

LCG, June 19, 2001--Concord Electric Co. and Exeter & Hampton Electric Co., both subsidiaries of Unitil Corp., have filed for a 15 percent rate decrease with the New Hampshire Public Utilities Commission, the parent company announced yesterday.

If approved, the decrease would take effect on August 1 for customers of both electric companies. Unitil said the rate decreases are the result of lower proposed fuel and purchased power adjustments and will give customers of the two utilities the lowest rates in the region.

The company said a typical Concord residential customer using 500 kilowatt hours per month will see a decrease of $9.31, giving him a total monthly bill of $53.57. A typical Exeter & Hampton residential customer using 500 kilowatt-hours a month will see a decrease of $9.66, yielding a total monthly bill of $51.09.

The company giveth and the company taketh away. While Concord Electric and Exeter & Hampton customers see their rates decrease, those of Unitil's Massachusetts subsidiary, Fitchburg Gas & Electric Light Co., are likely to see their rates increase. Fitchburg asked Massachusetts regulators on May 25 for permission to raise rates to cover higher energy supply costs.

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