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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

EPA to Propose Tighter Power Plant Emission Rules

LCG, Sept. 7, 2001--The U.S. Environmental Protection Agency will propose lowering limits on three main pollutants from power plants in its plan to expand an emissions trading system for utilities, Bloomberg news service reported yesterday.

Jeffrey Holmstead, assistant EPA administrator for air and radiation, told Bloomberg that the new limits on sulfur dioxide, nitrogen oxide and mercury haven't been settled as the EPA tries to address Department of Energy officials' concerns about the economic impact on electric utilities.

"These levels will be achievable, they will not be economically disruptive, but they will be substantially below the levels that are emitted today," Holmstead said.

EPA Administrator Christie Whitman will submit legislation this month to expand a system begun in 1990 that lets utilities sell or buy credits to release sulfur dioxide, a byproduct of burning coal and other fossil fuels that causes acid rain. The new trading system would include nitrogen oxide and mercury as well as sulphur dioxide, but would not include carbon dioxide, the "greenhouse gas," which the Bush administration has said would be too costly to regulate.

"From the perception of the utilities, I think what this does is give them certainty," Holmstead said of the trading credits legislation. "They know what the regulatory requirements are going to be, rather than have a number of uncoordinated programs come along piecemeal over a number of years."

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