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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

Wait 'Til Next Year for New EPA Power Plant Rules

LCG, Nov. 12, 2001--The U.S. Environmental Protection Agency said Friday it will likely miss its self-imposed year-end deadline for issuing stricter power plant air pollution standards.

New proposals from the Bush administration are also being awaited by the Senate Environment and Public Works Committee headed by Sen. James M. Jeffords, the Independent from Vermont. The committee has said it will move ahead with legislation calling for cuts of at least 75 percent in power plant emissions.

A recent EPA study supported claims by U.S. utilities that the proposed limits on carbon dioxide, sulphur dioxide, nitrogen oxides and mercury would increase the cost of power by more than a third and have a calamitous effect on the U.S. economy.

Last week, Bill Harnett, a division director of EPA's Office of Air Quality Planning and Standards, told a meeting of the National Coal Council that the EPA would likely issue its new standards early next year.

Jeffords wants the 75 percent emissions cuts in place sometime in the coming year, but the Bush administration said last week it will oppose the legislation. The administration would regard carbon dioxide as a non-pollutant and provide trading mechanisms for the other three.

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