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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

FERC Would Allow California More Imports from Mexico

LCG, Mar. 28, 2002--The Federal Energy Regulatory Commission has stated that costs associated with investment in transmission lines between San Diego and Mexico would be allowed by the agency.

The FERC Chairman, Pat Wood, believes that the savings made possible by increased imports could reach $26 million for customers in San Diego, and $174 million per year for all of California. Initial upgrades, which are projected to allow 1,360 megawatts of generation imports to California, would bring savings of $3 million to San Diego and $10 million to the state, according to the FERC.

San Diego Gas and Electric Co., a subsidiary of Sempra, would be allowed to include the costs of line upgrades to the Miguel-Mission and Imperial Valley lines in rates. The final capacity of the lines could be 3,810 megawatts.

The FERC is now awaiting a filing by the California Independent System Operator (ISO) in May that will contain restructuring plans by the grid operator. The FERC felt that market design was responsible in part for the severity of California's power crisis in 2001. The importance of restructuring details is made more immediate by the approaching end of wholesale price caps imposed by FERC. The caps are set to expire on September 30.
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