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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

Energy East Files for RTO

LCG, March 14, 2002-Yesterday the Energy East Corporation called on the Federal Energy Regulatory Commission (FERC) to create a Regional Transmission Organization (RTO) responsible for areas served by PJM Interconnection, LLC, ISO-New England, and the New York Independent System Operator (NYISO).

Subsidiaries of Energy East came together to encourage FERC to follow through with the July 2001 order to create an RTO that would regulate the three ISO's. The companies insist that the new RTO would allow for a more reliable and competitive market. Senior Vice President of Energy East Denis Wickham insisted, "A three-region RTO is a tremendous opportunity to provide consumers benefitsWith FERC's leadership, interested parties need to focus on the benefits of a larger RTO and the transitional tools needed to eliminate the concerns about short-term winners and losers. We are convinced that consumers in the Northeast will ultimately benefit from lower costs, enhanced competition and increased reliability with a PJM-New York-New England RTO."

Energy East wants to avoid the formation of a smaller New York, New Jersey RTO, saying that a smaller RTO might be risky and could not provide the same benefit to customers as the proposed Northeast RTO.

The creation of an RTO in the Northeast would shift control from individual states to the federal government.

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