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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

Nevada May Remove Cap Connected With Renewables

LCG, Mar. 22, 2002--The chairman of the Nevada Public Utilities Commission has proposed revising a rule that has so far capped the cost that utilities and energy retailers can pass to customers in meeting minimum state requirements for renewable generation.

As part of Senate Bill 372, passed last year, satisfying renewable power requirements with wind, photovoltaics, geothermal and biomass was allowed to add no more than 0.05 cents per kilowatt hour in 2003 and 2004.

The decision by the chairman, Don Soderberg, was in response to a group of six assemblymen and six senators, that found that the cap was not intended as part of the law. Public hearings on the proposed rules will take place on May 6, with a vote by the PUC set for May 8. The group of legislators, the Legislative Commission, will then review the PUC ruling.

Nevada electric utilities are required to supply 5 percent of their customers' requirements with renewables in 2003, with annual increases to reach a 15 percent requirement by 2013.
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