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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

Sempra Questions CA Challenge of Expensive Contracts

LCG, March 26, 2002-San Diego Gas & Electric's parent company Sempra insists that the state cannot ask the Federal Energy Regulatory Commission to alter or nullify electricity contracts.

$43 billion worth of contracts were signed last year during California's energy crisis, and the state requested that the Federal Energy Regulatory Commission (FERC) do something about the contracts, which are deemed to be $21 billion too expensive by the California Public Utilities Commission. The CPUC says the contracts do not follow federal guidelines calling for reasonable pricing

Sempra says that California cannot legally request to change the contracts and hopes that FERC will deny the substance of California's filings.

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