---
schema_version: "secwatch.filing_event.v1"
accession: "0000720515-26-000007"
form_type: "8-K"
ticker: null
cik: "0000720515"
company_name: "BASIN ELECTRIC POWER COOPERATIVE"
filed_at: "2026-07-13T19:07:35+00:00"
generated_at: "2026-07-13T19:09:05.356652+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Basin Electric settles McKenzie Electric disputes; expects $40M pre-tax charge in Q2 2026

## Summary
- Settlement resolves North Dakota state court and FERC disputes among Basin Electric, McKenzie, Upper Missouri, and Mountrail-Williams.
- McKenzie will dismiss with prejudice its state court claims and withdraw FERC complaints against Basin Electric and Upper Missouri.
- Basin Electric agrees that from Jan 1, 2031, it will not include Dakota Gasification costs in rates charged to Upper Missouri for McKenzie's power.
- McKenzie continues its wholesale power contract with Upper Missouri through 2075, remaining a Class C Member of Basin Electric.
- Pre-tax charge of approximately $40 million expected in Q2 2026; settlement effective upon regulatory approvals and financing conditions.

## SEC filing metadata
- accession: 0000720515-26-000007
- form_type: 8-K
- cik: 0000720515
- company_name: BASIN ELECTRIC POWER COOPERATIVE
- filed_at: 2026-07-13T19:07:35+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720515/000072051526000007/0000720515-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720515/000072051526000007/basin-20260709.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000720515-26-000007
- JSON: https://secwatch.observer/filing/0000720515-26-000007.json
- Plain text: https://secwatch.observer/filing/0000720515-26-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.