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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

Regulators to Probe Rising CostsFor Silicon Valley Wires Upgrades

LCG, Aug. 24, 2001--The California Public Utilities Commission voted yesterday to hold hearing into the soaring costs that threaten plans by Pacific Gas & Electric Co. to make much-needed improvements to power transmission facilities serving Silicon Valley.

Sarah Thomas, a CPUC administrative law judge, warned earlier this month that the rising costs would delay PG&E's project. She said existing facilities "will be insufficient to meet demand as early as summer 2002, and it will take PG&E some time to build the project."

Silicon Valley, the heart of the U.S. high-tech industry, is a 40-mile stretch of the San Francisco Peninsula, beginning at Palo Alto in the north and extending just beyond San Jose in the south. PG&E has planned improvements which would include a new 7.3 mile, 230 kilovolt transmission line, a new switching station and some other upgrades.

But the company says that a change in the route from its recommendation and a new requirement that the line be underground, with cable that must be ordered from France, have more than doubled the cost of the project to $182 million, a big hit for a utility that finds itself in bankruptcy court.

PG&E faces a similar transmission upgrade in the Tri-Valley area, a region on the east side of the Oakland Hills that has several fast-growing suburbs and a high-tech industry that spilled over from Silicon Valley.

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