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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

California Bill Clarifies Merchant-Utility Interaction

LCG, Apr. 30, 2003--A bill now in the California senate that is sponsored by Sen. Joe Dunn, D-Santa Ana, will likely be modified by amendments that put more emphasis on competitive wholesale power sales, while ending direct access for customers.

Some representatives, such as Sen. Debra Bowen, D-Marina del Rey, the chair of the Senate Energy Committee, have said that SB 888 will deter new private investment. The bill, of which Bowen is a co-author, would encourage long-term contracts rather than the spot market, and prevent the state's major utilities from selling off their remaining power generation.

The Independent Energy Producers Association's spokesman has stated that the SB 888 does not agree with state agencies' current planning for future market operations, and is based on political motivations. While customers who contracted directly with energy sellers would not be allowed to renew their contracts if the bill were to go into law, power consumers such as refineries, which are often served by on-site cogeneration plants, could maintain the arrangements they have.

One amendment states that "direct investment in electric generation plants isn't the exclusive method for electrical corporations to fulfill their obligation to serve retail customers at just and reasonable rates." A vote is anticipated on SB 888 next week, after legislators have considered the amendments.
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