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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

New York ISO Files to Eliminate Export Charges with New England

The New York ISO (NYISO) filed a proposal yesterday with the Federal Energy Regulatory Commission (FERC) to eliminate the export charges on electricity transactions between the NYISO and ISO New England (ISONE). The NYISO anticipates - subject to FERC approval - that the elimination of the export charges will be implemented by the end of 2004.

The NYISO estimates that the total charges for exports from NYISO to ISONE have been averaging about $10 million annually, while the total charges for exports from ISONE to NYISO have been averaging about $12 million annually.

The elimination of the export charges will improve the economics of inter-ISO transactions and will be another step towards achieving the FERC's regional, competitive market goals previously set forth in its Order 2000 and subsequent Wholesale Power Market Platform issued April 28, 2003. Other areas previously identified for the NYISO to address with respect to the Wholesale Power Market Platform include greater inter-regional coordination and the transmission system planning process.

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