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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

Reliant May Sell Benelux Electric Subsidiary

LCG, Sept. 18, 2001--A unit of Reliant Energy Inc. said yesterday that it is considering selling a Dutch electric generation business it acquired in 1999 for $2.4 billion.

The Netherlands company, called UNA at the time Reliant bought it, is now called Reliant Energy Power Generation Benelux, and is a unit of Reliant Resources Inc., which was spun off from Reliant Energy but is still 80 percent owned by the Houston firm.

The possibility of selling Reliant Energy Power Generation Benelux is part of an overall evaluation of strategic alternatives, the company said in a news release.

"Reliant Resources continually evaluates its business portfolio and makes adjustments as necessary to ensure that our capital and human resources are optimally deployed to support the company's growth objectives," Robert Harvey, an executive vice president of Reliant Resources said in a statement.

When Reliant bought UNA, the company said the Dutch firm gave it a presence for further expansion in Europe. Now, according to spokeswoman Sandy Fruhman, Reliant will continue its European presence though its wholesale marketing and trading business, which is not affected by the strategic review.

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