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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

Northeastern, Mid-Atlantic States to Begin Talks on Plant Emissions

LCG, July 25, 2003--Discussion on a possible cap-and-trade program for power plant emissions will begin between the states of New York, Connecticut, New Jersey, Vermont, New Hampshire, Delaware, Maine, Pennsylvania, Massachusetts, and Rhode Island, with an agreement envisioned by April 2005.

The talks were proposed by Gov. George Pataki, of New York. The responses from the states have varied, with some, such as New Jersey, looking at restricting multiple pollutants, rather than creating a market for credits for carbon dioxide alone, which is what is addressed by Pataki's proposal.

The director of the air and energy program of the Natural Resources Defense Council, Ashok Gupta, told the New York Times that the conservation organization is "hopeful that this will be the precursor to a national cap-and-trade program for carbon dioxide." Thus far, the Bush administration has not given support to a cap-and-trade proposal by Senators Joseph Lieberman, D-Conn., and John McCain, R-Ariz., but has asked industry to consider voluntary reductions of their emissions, in the belief that outright limits would cause economic harm. It has also asked for more research into the science of global warming. Aides to Gov. Pataki, a Republican, have said that the talks do not represent conflict with the administration's climate policy.

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