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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

CMS Traders Reported False Prices

LCG, November 5, 2002As the fourth energy company to reveal false reporting, CMS Energy Corp. announced yesterday that some of its traders yielded false prices to industry publications.

CMS, which employs less than 200 people in its electricity trading business, has not specified how many people were involved with bad price publication and insists that the company did not try to increase its share price or profits via manipulation.

Other companies whose employees reported false data include Duke, Williams Cos., and Dynegy.

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