Power

How AI's hunger for electricity moves utilities, power plants and the grid.

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How AI's hunger for electricity moves utilities, power plants and the grid. In our daily email, every weekday.

October 31, 2026
WEC's $47.5 billion data-center bet meets its regulatory test in Chicago
On October 29 WEC Energy printed record profits and a $47.5 billion data-center power plan; the same day, Chicagoans delivered 10,000 petitions against its gas utility's rate hike. The Illinois order due in November is the live test of whether that growth survives its regulators.
October 31, 2026
First Solar raised prices on every deal since August; the $0.38 per watt import floor lands December 4
Management told the Q3 call it has repriced every post-tariff deal upward even as sales fell 23% and profit rose 25%. The $0.38-per-watt import floor lands December 4, and about 4 GW of older contracts face decision days around it.
October 31, 2026
NextEra's $67 billion Dominion buy gets a Virginia ruling January 11 on who pays AI's power bill
Rebuttal testimony is due Monday, hearings open November 17 and the State Corporation Commission's final order lands January 11. The record points to approval with conditions, and those conditions will decide whether data centers or households carry the cost of AI's load.
October 31, 2026
Entergy says Google's $550.6 million battery build costs ratepayers zero, and the Arkansas PSC tests it
Entergy filed Thursday to build $550.6 million of batteries for Google's West Memphis campus and told regulators other customers will pay nothing. The record so far, including a regulator-found $308 million cost shift on the solar deal, gets its first public test next week.
October 31, 2026
Xcel's $70 billion grid plan starts with a $6 billion stock sale
A day after beating estimates and lifting its five-year capital plan to $70 billion, Xcel Energy filed to sell up to $6 billion of stock, taking potential share supply to roughly $12 billion against $8 billion of planned equity. Shareholders are the AI buildout's first funders.
October 31, 2026
DOE offers Constellation up to $5 billion to add nearly 1.1 gigawatts at running reactors for Google, Amazon
The Department of Energy has offered Constellation up to $5 billion in conditional loans to add nearly 1.1 gigawatts at plants already running, underwritten by 20-year deals with Google and Amazon. The stock is down a quarter this year anyway, and the November 9 report is where contracted megawatts have to start showing up as earnings.
October 30, 2026
WEC Energy's $47.5 billion grid plan bets on AI data centers, and Wisconsin's regulator holds the key
A record $47.5 billion five-year plan, nearly half for data centers, puts Wisconsin's ratepayer protection regime and its regulators in the path of the AI buildout.
October 30, 2026
Missouri votes Tuesday on half of Ameren's power buildout
MISO just awarded an Ameren and NextEra consortium a $1.23 billion Iowa transmission line that no Missouri regulator votes on. The generation half of Ameren's buildout still runs through Jefferson City, where utilities are giving to campaigns five to one ahead of the November 3 midterms.
October 30, 2026
X-energy trades near $11 as AEP says its 12-reactor Indiana project has no final decision before 2030
On its October 28 earnings call, AEP chairman Bill Fehrman said the Amazon-backed twelve-reactor Indiana project needs only minimal AEP money now and cannot reach a final investment decision before 2030. X-energy trades near $11 against analyst targets that run from $8 to $57.
October 30, 2026
First Solar Cut Its Customers and Kept the Tax Credit
Third-quarter sales dropped 23% while net income rose 25%, and the 2026 gross-profit guidance never moved because about 85% of it is one federal tax credit. The tariff regime meant to bring buyers back starts on December 4.
October 30, 2026
NuScale jumped 7% on its first reactor hardware, while a shareholder suit called its plan a farce
The Doosan contract turns NuScale's approved reactor design into its first piece of production steel, and the stock jumped 7%. A securities suit filed the same week calls the commercialization plan behind it a farce, and the November 5 earnings call decides whether this is a manufacturing story or a payment-flow story.
October 30, 2026
A tariff Duke is writing in South Carolina decides who pays for AI's power plants
Duke Energy told South Carolina regulators it will seek the large-load tariff it settled in North Carolina, while two methane plants totaling 2,720 megawatts move through permitting behind it. The rule inside that tariff, more than the turbines, decides whether the AI buildout is billed to the companies that cause it or to millions of households.
October 30, 2026
FirstEnergy nearly doubles contracted AI load in nine months to 7.9 GW, and Ohio votes on who pays
FirstEnergy's contracted data-center load nearly doubled in nine months to 7.9 gigawatts, and management put numbers on the shareholders' share of the $36 billion buildout. Regulators in three states, starting with Tuesday's Ohio vote, decide whether the structure pays.
October 30, 2026
Dominion's AI build puts the power bill on data centers, and the carbon bill on everyone else
Dominion's third-quarter filing this morning sits under three Virginia dockets and Tuesday's election. The 14-year contracts that put the power bill on data centers leave the carbon bill on everyone else, and February's rider ruling will decide whether the AI build keeps its political license.
October 30, 2026
AEP signs Google and SoftBank to pay for its grid, but only 35 of 84 gigawatts have firm contracts
The utility's 84-gigawatt AI pipeline is no longer just a load forecast: SoftBank and Google are signing to pay for AEP's lines and plants at a set return, while shareholders still fund the rest. The gap between 84 GW contracted and 35 GW firm is where the next share sale lives.
October 30, 2026
PG&E has a 12.87GW AI power queue and a $2 billion hole, so Google pays first and ratepayers pay later
PG&E's Q3 call put hard numbers on California's AI power queue: 12.87 gigawatts of data-center requests, 240 megawatts under construction, a $2 billion capital plan cut, and a Google advance that the filing says ends up on ratepayers' bills.
October 29, 2026
Schneider Electric's record €11.46 billion quarter rides AI data centers, with a third price rise planned
Schneider Electric posted the strongest quarter in its history selling power and cooling to AI data centers, opened its largest medium-voltage plant in China the same week, and CFO Nathan Fast is already promising a third round of price increases in 2027.
October 29, 2026
Johor's grid cannot keep up with AI, so YTL Power is buying 1,623 acres at Port Klang
The Malaysian utility that brings its own megawatts to Johor's AI data centers has taken 35% of a RM934 million venture turning oil-palm land in Klang into an industrial park. The filing tests the idea that the next scarce asset in AI infrastructure is land with power already attached.
October 29, 2026
Doosan gets paid to build the reactor NuScale still has to sell
The only NRC-approved small modular reactor just moved a step closer to hardware, but the money in this deal flows to the Korean factory, not to the American designer still waiting for a single binding customer.
October 29, 2026
Quanta just booked the AI buildout's labor constraint as a $63.7 billion backlog
Quanta Services, the contractor whose crews build the power lines data centers run on, posted revenue up 57 percent, a record $63.7 billion backlog, and raised guidance on every metric. By operators' own account the buildout's binding constraint is skilled labor, and that is the part Quanta sells.
October 29, 2026
American Electric Power added $22 billion of spending and $5.2 billion of stock; CFO won't promise 24% again
American Electric Power added $22 billion of capital spending for $5.2 billion of new equity, 24% of the increase against an industry norm its own CFO puts at 30% to 40%. He would not promise the ratio survives the next addition.
October 28, 2026
National Grid quoted £1.1 billion for Sea Link to planners while asking its regulator for £2.567 billion
Two days before the Energy Secretary rules on National Grid's £3 billion Kent-to-Suffolk cable, the regulator's own chair says the builder is gaming the system. Roughly £70 billion of grid buildout earns only what Ofgem allows, and the allowance rests on credible cost figures.
October 28, 2026
Citi says $11, UBS says $6 on Fluence: the fault is in delayed Houston plants, not Europe
Fluence just booked Europe's marquee storage work in Germany and Poland, but two guidance cuts in six weeks, a forecast $200 million loss and a securities suit have split Wall Street in two.
October 28, 2026
GE Vernova turned 13 GW of reserved turbine slots into firm orders; backlog hit $197 billion
The quarter answers whether the gas slot book was real demand: 13 gigawatts converted to firm orders, backlog hit $197 billion, and free cash flow guidance jumped to $16-17 billion. What the company does with that cash, and who pays the AI premium, is the trade.
October 28, 2026
Amazon's AI buildout tripled Generac's order book to $4.5 billion at half the margin of its home business
The Wisconsin home-generator maker's record quarter came with a data-center order book that tripled to about $4.5 billion in three months, most of it Amazon. The investment case is now whether that book converts at margins worth owning.
October 28, 2026
Google and Amazon now pay to build AEP's power plants: a $4 billion fuel-cell plant and 12 reactors
Google, Amazon and equipment vendors are putting their own money behind AEP's new generation, and the utility reports Q3 this morning with the funding question still open. The bottleneck in AI power has moved from financing to delivery.
October 28, 2026
DOE offers Constellation $5 billion to add 1.1 gigawatts already sold to Google, Amazon and Meta
The Department of Energy has conditionally committed up to $5 billion to Constellation for reactor upgrades whose output is largely already contracted to Google, Amazon and Meta. Washington picked the right bottleneck; the terms taxpayers get for lending against it are the open question.
October 27, 2026
PG&E wants cheap permits and expensive grids: Proposition 45 is where the two meet
PG&E's October quarter, its $22.5 billion San Francisco grid claim and its $2.3 million Proposition 45 check are one fight over who pays for California's AI infrastructure, and two dated votes set the outcome.
October 27, 2026
Elementl signs Korean funding deal for Ohio reactors as GE Vernova counts on a 116GW gas backlog
Korean private capital has signed a preliminary deal worth up to $750 million to fund Elementl Power's reactors in Ohio and beyond before any customer signs. GE Vernova reports Q3 on October 28, and its gas backlog, not nuclear, is what pays.
October 27, 2026
CMS Energy earns $1.44 adjusted while funding the fight against Michigan's utility money ban
Michigan votes on November 3 on Proposition 2, which would bar utilities from giving to the officials and commissioners who set their rates. CMS Energy, which needs more than $24 billion of supply-plan spending approved, put $50,000 into defeating it the same quarter it wrote off $456 million.
October 27, 2026
Amazon agrees to fund and buy power from 12 small reactors at AEP's retired Indiana coal plant
AEP, X-energy and Amazon signed agreements on October 19 to study twelve small reactors at a retired Indiana coal plant, with Amazon paying the development bills and, if it is built, buying the output under a contract meant to cover the plant's full costs. AEP reports the morning of October 28; the thing to listen for on the call is how much of the build customers like Amazon are paying for.
October 27, 2026
LG Energy Solution's storage bet: 50 GWh of supply waits on 2 GWh of announced demand
The Korean battery maker's marquee European demand news is a non-binding MOU worth about 4% of the 50 GWh North American capacity it is building, while lithium contracts and a 140 GWh backlog show where the real commitments sit. Q3 earnings on November 3 test whether the announced orders convert.
October 27, 2026
CenterPoint's answer to Harris County: a $70.7 billion grid and a $5 billion promise
The Houston utility's third-quarter filing raises its 10-year capital plan by $4.0 billion, lifts 2026 guidance, initiates 2027 and repeats a $5 billion savings promise, the company's first on-record answer to the county's fight over who pays for AI-driven grid growth. The demand is verifiable; the savings are a forecast that three dates will test.
October 26, 2026
Banks' $50 targets bet on FirstEnergy's 4.3 GW AI load; Pennsylvania and Ohio decide who pays
HSBC and BMO just re-rated FirstEnergy on AI data-center load, but Pennsylvania regulators rejected its billing plan 3-2 and Ohio's Senate race has turned its money into a campaign weapon. The demand is observable; who keeps the margin is not.
October 26, 2026
Entergy's AI savings math meets its first audit: $308 million in Arkansas, $3.4 billion in Louisiana
Entergy's $2.1 billion and $4 billion customer-savings promises met their first outside counts this week: Arkansas regulators count $308 million shifted onto bills, and Louisiana docket math leaves $3.4 billion of Meta's gas build for other ratepayers. Two dated decisions, a December vote and an Arkansas review, now price the political risk.
October 26, 2026
Constellation sold Google 20 years of nuclear power, and still trades 38% below its high
Constellation put up more than $4.3 billion to sell two decades of nuclear output to Google and Amazon, and the stock still trades 38% below its high. The market priced it like a leveraged AI landlord; the contracts, and a November 9 earnings print, say otherwise.
October 25, 2026
Centrus paid $116 million for its centrifuge casing maker as the stock hit a 52-week low
The only US company with a licensed centrifuge route to advanced-reactor fuel spent $116 million to own its casing supplier, and the stock hit a 52-week low the same week. The November 4 third-quarter report is the first reading on whether the build-out turns into enrichment revenue.
October 25, 2026
Evergy reports November 5 before Missouri hearings on its 710-megawatt gas plant
Evergy reports Q3 on November 5, three weeks before Missouri hearings on its 710-megawatt gas plant. Data centers are supposed to pay for the buildout through an extra charge; Kansas counties are still writing the rules, and the street is split.
October 25, 2026
New Jersey's biggest AI campus brings its own power, and PSEG's growth now rests on its nuclear fleet
Bloom Energy says the first fuel-cell block at Nebius's 300 MW Vineland campus is ready, so New Jersey's most visible AI load arrives with its own power instead of as demand for the local utility, PSEG. Broker targets fell through October to between $69 and $85 against an $82.58 consensus, and third-quarter results on November 2 will test what growth is left to pay for.
October 25, 2026
PG&E has energized 174 megawatts of its 12.87-gigawatt data center pipeline and cut $2 billion of capex
PG&E's Q3 deck shows a 12.87-gigawatt data-center pipeline against 174 megawatts actually energized, while a $2 billion capital cut pushes new large load behind the initial 1.8-gigawatt tranche. The AI load growth story and the wildfire liability problem now share one choke point: the California Public Utilities Commission.
October 25, 2026
Constellation's 18.5-year nuclear contracts meet the November 3 midterms and the grid cost fight
Constellation signed a 20-year Google deal and a multi-decade PPA book that bets on uninterrupted data-center growth. If Democrats take the House on November 3, its customers face bigger grid bills and tighter permits, and regulators face pressure to cap returns on its contracts.
October 24, 2026
PPL's 31.8 GW pipeline in advanced planning waits on a transmission tariff; plan update November 6
PPL Electric proposed 16 miles of line for a data center near Mount Carmel and picked its Allenwood route, while Governor Shapiro's PUC petition challenges exactly the layer of the grid those projects occupy. The annual business plan update on November 6 is the first hard number on the buildout, and the stock's premium to every utility peer has to be earned by it.
October 24, 2026
Fluence's AI power bet faces a securities-fraud suit after three guidance breaks and a 73% fall
A securities-fraud class action alleges Fluence's fiscal 2026 guidance rested on contract factories that were never ready, and the company's own disclosures back the timeline: three guidance breaks in eight months took the stock down about 73%.
October 24, 2026
Harris County targets CenterPoint's $66.7 billion capital plan over data center grid surge
Harris County is fighting for authority to slow 8 gigawatts of data center load that underpins CenterPoint's $66.7 billion capital plan, just days ahead of its third-quarter print.
October 24, 2026
Amazon bought 690 megawatts from Constellation's Calvert Cliffs; Calvert County's zoning gates the next deal
Constellation's 20-year contract with Amazon funds a $3 billion upgrade and relicensing at Calvert Cliffs, but the county that hosts Maryland's only nuclear plant says it was never consulted, and it controls the zoning that gates the site's next options. The decision now sits with a November 3 election and a December moratorium vote.
October 24, 2026
GE Vernova's gas customers put 25% down, so its October 28 order line, not Meta's financing, is the test
The market read Meta's financing strains as a threat to GE Vernova's order book. It missed that customers bank a 25% deposit when they reserve a turbine slot, so October 28's order line, not the deposit, is the only number that matters.
October 24, 2026
Siemens Energy fell 2.9% Friday on CoreWeave's 15% bond yield; its backlog is EUR 162 billion
A 2.9% Friday drop with no company news behind it, a tripled nuclear training program, a EUR 162 billion backlog, and one November date that forces both camps to argue with numbers.
October 23, 2026
WEC Energy Group seeks to buy $2 billion of Invenergy gas plants no regulator tested for need
Wisconsin's Public Service Commission cleared 1.5 gigawatts of merchant gas on October 15 through a review its chair said state law confined, and We Energies has applied to buy the pair for more than $2 billion just as analysts cut the stock's targets toward the market price.
October 23, 2026
AI demand is pushing Exelon back into the generation business it spun off
Illinois regulators have approved ComEd's underground GRIT transmission ring, built because large unnamed customers arrived near O'Hare, one day after Exelon's transmission chief said utilities should be allowed to own power plants again. The AI buildout has moved into utility rate base, and regulators and ratepayers now decide who pays for it.
October 23, 2026
AT&T's copper exit frees power for data centers while 911 systems fail on the wire it leaves behind
AT&T says just 1% of eligible customers still ride its copper network and the retirement frees power data centers want. The same week, Oakland's 911 died on cut wire, a Mississippi city demanded $1.3 million back from AT&T, and New York's regulator asked the FCC to hit pause.
October 23, 2026
Bloom Energy sold a record $1.24 billion of fuel cells and still used cash doing it
Bloom Energy beat every estimate and raised guidance a third time, yet the stock fell 8.7 percent on the one line the release could not flatter: operations used cash in the biggest quarter the company has ever booked.
October 23, 2026
Fort Bend offered Tesla 35 years of tax breaks for a plant Tesla hasn't chosen
Fort Bend County voted 4-0 to offer Tesla tax breaks running past 35 years to stay in the running for a $10 billion solar plant Tesla has not yet sited, a day after Tesla cut its 2026 capex target to about $20 billion. The site pick, due by year-end, prices the next leg of the spending story investors just traded.
October 23, 2026
Duke Energy's North Carolina rate ask is cut in half; a $42 monthly credit for 80,000 homes ends Dec. 31
Duke halved its North Carolina rate ask to staged increases of about 9.5% and 6.8% from January, while the $42-a-month credit for 80,000 low-income households dies on Dec. 31 without a commission decision. The commission is now the only lever left, and the data-center demand behind the ask keeps growing.
October 22, 2026
PG&E warns 25,000 customers of six-month hookup delays as its CEO predicts a bailout case from the regulator
PG&E chief executive Patti Poppe told investors she expects Assembly hearings next week and a November 1 regulator report to make the case for a special-session wildfire bailout; Consumer Watchdog, which published the transcript, calls the hookup-delay campaign "bailout blackmail."
October 22, 2026
Microsoft quit Nscale's UK AI campus over power not due until the 2030s; National Grid reports November 5
Microsoft walked out of Nscale's £2 billion Loughton data center after UK Power Networks said power could not be guaranteed until the early 2030s. National Grid, the listed monopoly building the transmission wires the AI boom needs, reports half-year results on November 5 with the Swiss bank UBS holding a Sell rating into them.
October 22, 2026
AEP's $4 billion Bloom Energy plant has Google buying 20 years of power and a December deadline
American Electric Power's $4 billion, 702-megawatt Wyoming plant on Bloom equipment, with Google buying the power for 20 years, is the fuel-cell maker's biggest new commitment since Oracle. But the fine print gives the customer a contractual exit in December, and the utility hedged with a rival vendor the day before.
October 22, 2026
Xcel runs two price books for AI data centers: one public, one confidential
Colorado opened hearings this week on Xcel's public rulebook for big power customers, while the confidential custom contracts that could carry the biggest loads get only a 120-day review. Minnesota's attorney general wants the same question answered in the open: who pays if the AI boom cools.
October 22, 2026
Constellation's nuclear contracts run 20 years; its cash problem is due now
Google, Amazon and Meta have locked up the largest US carbon-free power producer under contracts as long as 20 years, and the stock is still down 23 percent this year. Free cash flow has been negative for three straight quarters; the November 6 report shows whether $5.9 billion of court-ordered plant sales closes the gap.
October 22, 2026
Oracle trucks fuel at four times pipeline cost to its AI campuses while Trump posts a power mandate
The Truth Social "mandate" is political cover, not a rule, but it ratifies a system Oracle already runs: fuel-cell power on site, fuel by truck, and the bill on shareholders. Bloom sends some of the money back to Oracle in equity.
October 22, 2026
Missouri just approved 945 MW of grid. Ameren has already signed 2,800 MW of data centers
The Missouri PSC approved 945 megawatts of batteries and solar on October 21; Ameren's own plan commits 2.8 gigawatts of signed data center load, ramping from the second half of 2027. The $4 billion to $6 billion that closes the gap has no rate order yet, and 1.3 million ratepayers are waiting to see their share.
October 22, 2026
Amazon's Indiana nuclear deal is a study; AEP's 69 GW of sold load is the story
AEP, Amazon and X-energy will study twelve small reactors at a retired Indiana coal plant, with no cost, date or contract price disclosed. AEP has contracted 69 GW of new load against the 33 GW of capacity it owns or contracts, and its October 28 capital plan prices the gap.
October 22, 2026
DTE asks Michigan regulators for $6.4 billion in gas; Sierra Club says AI data centers drive it
DTE's 20-year plan asks for 2.1 gigawatts of gas at an estimated $6.4 billion, more than double what its 2023 coal-retirement deal called for, and Earthjustice says data centers drive the gap. The commission already wrote a make-Google-pay template; whether it applies it to the gas plants decides who earns and who pays.
October 22, 2026
One buyer was 73% of Bloom Energy's record quarter. Tonight's report has to repeat it
Bloom Energy reports Q3 after the close with consensus at $1.05 billion of revenue, up 102%. Its own filings show the record quarter leaned on one buyer, a one-time tariff recovery worth about 3.5 points of gross margin and a warranty reserve that nearly quadrupled, while Oracle's flagship fuel-cell campus fights for its air permit.
October 22, 2026
CATL bought back RMB800 million as shares fell 11.41%; a 2% battery tax lifts its tax bill to RMB2.21 billion
The world's largest battery maker bought back RMB800 million of its own shares on October 21, into an 11.41% fall, and lost 4% more the next day. The cause, a 2% battery tax CATL cannot yet pass on to carmakers, has one month booked; gross margin is already the lowest since 2022.
October 21, 2026
Kinder Morgan's backlog jumped half in one quarter to a record $14.4 billion
Record profit and two project approvals took the pipeline company's expansion backlog to $14.4 billion, half again its June level, with two new lines carrying more than 5 billion cubic feet of gas a day for power demand, one of them for an unnamed A-rated hyperscaler. The contracts are signed now; the gas flows in 2030.
October 21, 2026
We Energies seeks $2.3 billion for power from Wisconsin's 1.5 GW AI gas plants as customers pay for dead coal
The state has approved 1.5 gigawatts of gas for data centers, and We Energies has filed to buy the plants for $2.3 billion. The same rate-recovery machinery already leaves Wisconsin customers owing nearly $1 billion for coal plants that went dark years ago.
October 21, 2026
Cummins falls 29% from its high as three banks cut targets; November 5 earnings test the diesel case
Citi, Bernstein and Barclays cut their Cummins targets between October 12 and 16 while UBS says diesel standby stays standard through 2028-29. Q3 results on November 5 decide whether the AI power premium survives.
October 21, 2026
Talen's 1,920 MW Amazon headline meets a 240 MW floor on November 3
Talen reports Q3 on November 3, the first print where a disclosed AWS volume could join the record: a 1,920 MW nuclear headline against a contractual 2026 floor of 240 MW.
October 21, 2026
FERC accepted Duke's 15-year data center payment floor. The security behind it lasts 90 days
The federal regulator has accepted Duke's wholesale payment floor for big data center loads. The dissent's math is the story: one month of security behind a 15-year promise, and the upgrade bills stay out of public view.
October 21, 2026
Entergy promised transparency on Google's $600 million Arkansas deal, then filed it blacked out
Entergy's release promised transparency and its filing delivered black ink: the amended Google contract asks regulators to waive disclosure of the payments, rates and termination fee behind a $2.1 billion savings claim, while Arkansas legislators revolt over the financing law in the same week.
October 21, 2026
Constellation spent $2.42 million lobbying Washington the same month it sold Google 3,590 megawatts
A $2.42 million lobbying filing landed overnight on October 21, days before Constellation's November 6 earnings, and its line items map exactly onto the rules that decide whether the hyperscaler or the ratepayer pays for the AI power build-out.
October 21, 2026
Barclays cuts NuScale to Underweight with a $5 target; 16 months of cash, no plant contract
Barclays made the SMR basket's first sell rating at NuScale on the same morning it trimmed Oklo, and the missing piece in both stories is the same: a signed customer contract to bill against while cash burns.
October 21, 2026
Bloom Energy's 63.5x premium rides on Oracle's 2.45-gigawatt campus and a December 7 air-permit hearing
Oracle reaffirmed Bloom fuel cells as Project Jupiter's primary power this week and added no revenue. The campus stands nearly finished without electricity, short an air permit and a gas pipeline, and the hearing that can change that starts December 7, five weeks after Thursday's earnings print.
October 20, 2026
Baker Hughes and GE Vernova sign for up to 16 Venture Global power islands; first order due Dec. 31
Baker Hughes, GE Vernova and Venture Global signed a framework on October 15 for up to 16 gas-fired power islands, more than 11 gigawatts of behind-the-meter capacity for LNG and possible AI data centers. But no purchase order exists yet, and the first one is promised by year-end.
October 20, 2026
Constellation sold gas at $1.4 million a megawatt, then priced nuclear at $4.8 million
Constellation's filings show $309 million of trailing free cash flow against $24.7 billion of debt while the company swaps DOJ-mandated gas plants for a $4.3 billion nuclear build priced more than three times higher per megawatt.
October 20, 2026
Entergy puts Google's $600 million Arkansas grid build on Google's tab, promising $2.1 billion of savings
Entergy Arkansas's October 19 announcement puts about $600 million of batteries, solar and transmission on Google's tab, outside the state rider that carried part of phase one. Entergy now counts $2.1 billion in promised savings across both phases, pending a regulator's approval.
October 19, 2026
AEP and Amazon-backed X-energy agreed only to study a 960-megawatt nuclear site; the lockup lifts this week
AEP and X-energy agreed only to evaluate 960 MW at a retired Indiana coal site; Amazon's funding is milestone-based and its power purchase an intention. The 180-day IPO lock-up on XE expires this week, with roughly 348 million restricted share-equivalents behind the 44 million shares that trade.
October 19, 2026
Xcel's 780-megawatt Google deal pays even if the AI boom cools; both bets wait on one Minnesota ruling
Xcel Energy has put two bargains before one Minnesota regulator: Google's 780-megawatt data center deal and a rate freeze funded by pulled-forward tax credits. The commission answers the freeze by January; earnings land October 29.
October 19, 2026
LG Energy Solution is now KOSPI's No. 5 company; its Ohio storage ramp rests on small toolmakers
A chip selloff pushed money into Korean battery makers on October 19, making LG Energy Solution the KOSPI's fifth-largest company at 97.46 trillion won. The grid-storage ramp those buyers just priced now rests on small second-source toolmakers rebuilding an Ohio assembly line.
October 18, 2026
Arizona's AI power boom now turns on a 63-year-old coal plant and a rate case
Pinnacle West trades at a premium to Duke on the expectation that Arizona's data-center-driven load doubles and compounds into earnings. Whether it compounds, or lands on household bills, is now a decision for the state's utility commission, with a coal plant's life and a rate case in the balance.
October 18, 2026
Harris County wants power to slow the data centers behind CenterPoint's $66.7 billion plan
On October 15 Harris County's attorney quoted CenterPoint's own forecast, 8 gigawatts of new data-center load by 2029, back at the utility and asked the legislature for the power to slow it. The Q3 print lands October 27, and the politics now sit inside the growth math.
October 18, 2026
Exelon Gets $783 Million of Grid Work and No Clear Way to Get Paid
PJM raised the cost of already-approved transmission projects by about $783 million in Exelon's regions, against $60 million for Dominion and $25 million for PPL. Ahead of a October 30 earnings call, the question is whether regulators let that capital earn.
October 17, 2026
PG&E blacked out 85,000 customers as its $2 billion cut slows new homes, renewables and data centers
PG&E says the connection deferrals that followed wildfire reform's failure in Sacramento will slow new homes, renewables and data centers alike; consumer advocate Mark Toney says data centers are the one class PG&E is not slowing. The dispute lands with 85,511 customers dark in the widest planned shutoff in eight years.
October 17, 2026
Shapiro asks to join PPL's rate case so data centers pay their own way on 31.8 gigawatts
Pennsylvania's governor has asked regulators to let him join the case that sets PPL Electric's rates, the first gubernatorial intervention in a utility hearing in at least 15 years, his office says. At stake is who pays for a 31.8-gigawatt data-center pipeline: the data centers, or everyone else on the grid.
October 17, 2026
NextEra gave $4 million to Trump's ballroom as 14 lawmakers ask FERC to deny its $67 billion Dominion bid
The Washington Post's donor spreadsheet put a $4 million figure on NextEra's gift to the president's ballroom, days after 14 lawmakers told FERC to deny its $67 billion Dominion takeover and Virginia's commission ordered NextEra to open its Florida political file. December and January now decide who eats the cost.
October 17, 2026
Swift Current's $360 million lawsuit says First Solar's modules never made their promised power
Swift Current Energy says 2.4 million modules it bought from First Solar for over $360 million never made their promised power, and that a secret factory test hides the gap. Wall Street's average target sits almost 60 percent above the share price; two dates this month test which story holds.
October 16, 2026
Citadel's First Solar stake rose to 6%, but its hedge funds report just 0.0% of the shares
An amendment filed hours after Citadel's original October 15 disclosure lifts Kenneth Griffin's deemed First Solar stake to 6.0%. The filing gives the broker-dealer Citadel Securities LLC 4.9% of the company and gives the hedge fund adviser Citadel Advisors LLC 36,918 shares, a line it rounds to 0.0%.
October 16, 2026
Kinder Morgan sued 141 landowners for a $5.2 billion gas corridor; foes call the AI demand case 4x overstated
Opponents of the $5.2 billion Mississippi Crossing corridor told a federal appeals court this month that the data-center demand case behind it is more than four times overstated. Southern Company half-owns the pipe, buys its gas and parents the forecast; it reports November 5.
October 16, 2026
Six banks cut CMS Energy before Michigan cut its gas increase by $101 million
Michigan gave Consumers Energy $139.2 million of the $240 million gas increase it sought, at a 9.8 percent return on equity. Six banks had already marked down the stock; the first company outlook since its renewables exit lands on October 27.
October 16, 2026
GE Vernova and Baker Hughes sign Venture Global deal worth up to $17.2 billion as wind gets a new boss
Cable-industry outsider Hakan Ozmen takes over GE Vernova's loss-making wind unit on January 1. The same week, GE Vernova and Baker Hughes signed Venture Global frame agreements worth about $17.2 billion if every order proceeds; the firm part held with GE Vernova is eight reserved islands, 5.76 GW.
October 16, 2026
Vistra redeems $1 billion of 8% preferred as the DOE offers up to $4.2 billion for power Meta already bought
The Department of Energy offered Vistra up to $4.2 billion of conditional credit this month for nuclear uprates already sold to Meta under 20-year contracts. Vistra answered by retiring $1.0 billion of 8% preferred stock while traders marked AI power demand down as credit risk, and the two readings start to settle in the November 6 results.
October 15, 2026
First Solar sues JA Solar and Corning's Phoenix plant over a patent China's patent office invalidated
JA Solar and the Corning subsidiary running a 2 GW assembly plant in Phoenix are the latest targets of a patent that runs to 2030. Truist sees the stock, down 32% this year, at $270.
October 15, 2026
Washington has quietly obligated $266.7 million for BWX Technologies' uranium pilot plant
Federal records show NNSA has obligated $266.7 million on BWXT's DUECE enrichment pilot plant in Tennessee, with most of this year's money landing after July and no announcement from either side. The funded program is defense uranium on a 2035 clock, and that is not the business the market spent the year repricing.
October 15, 2026
Sempra signs Petrobras for 20 years, and five banks cut their targets anyway
The LNG arm landed its first South American customer and two build milestones; between October 12 and 15, five banks marked down what they think the shares are worth. The argument is timing: regulated earnings now, LNG cash from 2030.
October 15, 2026
Illinois judges move to halve WEC's gas rate hike as its $37.5 billion data-center build rolls on
Administrative law judges have recommended giving Peoples Gas $66.2 million of the $144 million increase it seeks, with Illinois' final ruling due in mid-November. Parent WEC Energy Group has promised investors 7 to 8 percent annual earnings growth through 2030 on a $37.5 billion construction plan aimed largely at data centers.
October 15, 2026
NextEra reports October 21 with 9.5 gigawatts of gas hub contracts unsigned past its own deadline
NextEra reports October 21 with its stock down 13.6% since the last print, and the 9.5 gigawatts of federal gas hubs management promised would convert within two to three months still have no definitive agreements. A $4 billion earnings uplift and a consensus at the top of guidance both hang on signed contracts.
October 15, 2026
PG&E prices the San Francisco grid at $20 billion; the city offered $3.4 billion
PG&E chief executive Patti Poppe has priced San Francisco's takeover of the utility's city grid at $20 billion, nearly six times the city's April offer of $3.4 billion, with the company's own estimate due to state regulators on October 20. The gap equals 42 percent of PG&E's stock market value, and it lands mid-blackout.
October 15, 2026
Google's $4.3 billion nuclear deal adds 97 MW at PSEG's Salem plant; its stock is still down 12% this year
Google and Constellation's 20-year contract funds 97 new megawatts at Salem, the New Jersey nuclear plant PSEG operates and majority-owns. PEG is down 12 percent this year, and Goldman just cut its target again.
October 15, 2026
National Grid raised its EPS growth outlook above 13% to 15% on £130 million of one-off venture gains
The UK utility lifted 2026/27 underlying EPS growth guidance above its 13-15% range on £130M of first-half gains, mostly one-off fair-value marks from two transactions in its venture portfolio. £4.5B of grid capex filed with Ofgem today is still only a request, and the November 5 half-year accounts will show what recurs.
October 15, 2026
Duke Energy's data-center tariff makes Amazon and Microsoft pay for wires, not the power plants
North Carolina's first large-load tariff, now before state regulators, drops the clean-energy mechanism Duke Energy promised the same customers in 2024. The five-member Utilities Commission rules by mid-November, ten days after Duke's earnings, on whether data centers pay for the plants their demand forces.
October 14, 2026
TeraWulf doubles its Kentucky power draw to 1 GW with $100 million in bill credits, none of it filed yet
The pledge rests on a builder that spent $855 million on construction last quarter against $44.8 million of revenue. The decade of winter credits does not reach a Kentucky mailbox until 2029.
October 14, 2026
PPL's new 500 kV line is for 'regional growth.' The record keeps naming Amazon
PPL Electric opens public meetings tonight on a 25-mile, 500-kilovolt Pennsylvania line it attributes to regional growth. The companion route is frozen pending a court fight over an Amazon-linked data center, and a Lancaster filing already shows how the bill splits.
October 14, 2026
Environmental groups ask to unwind Kinder Morgan's $5.2 billion pipelines as it pitches a $1.3 billion one
On October 1, environmental groups and landowners asked a federal appeals court to unwind Kinder Morgan's $5.2 billion Mississippi Crossing and South System Expansion 4 approvals. In Middle Tennessee, the company is already securing land for the next $1.3 billion leg.
October 14, 2026
PG&E may black out 70,000 customers after investigators tied a founder's death to a wire it failed to replace
A rusted tie wire killed ag-tech founder Steven Dodge in 2022, after PG&E's own inspectors had logged the same failure on poles nearby. That record is now part of the file regulators will read before deciding what ratepayers repay for PG&E's shrunken undergrounding plan, the grid California's data centers are queuing to join.
October 14, 2026
AEP orders up to 1.6 gigawatts of Mainspring generators; Oracle's gas line slips at FERC
AEP signed the largest linear-generator order ever the same day Oracle pressed regulators to hurry the gas pipeline behind its off-grid AI campus. The split shows where speed-to-power risk now sits: on a utility's rate base, or on one federal docket.
October 13, 2026
Oklo's cancer-isotope plant lands with no buyer, no price and a $6.5 billion bill
Oklo, an advanced nuclear developer whose Aurora power plants have yet to sell a watt, won a Department of Energy selection to advance Groves 2 Forge, a Texas pilot plant for the cancer-treatment isotope lutetium-177. It is the company's first shot at revenue before its reactors, and the release sets no terms; the money behind the broader build-out is still equity, sold at the market.
October 13, 2026
FERC rejects PJM's data-center shortcut, and capacity prices pinned at $325 a megawatt-day carry the bill
FERC killed most of PJM's plan to let data centers connect without paying for new generation. What is left is prepaying for the grid at the state level or paying through a capacity auction pinned at its cap, and either way the money lands with the owners of existing power plants.
October 12, 2026
Ameren wants nine gas plants, coal until 2042, and $13 more a month
Ameren Missouri's 20-year plan leans on data-center demand to keep the Labadie coal plant running to 2042 and add nine gas plants, while the same regulators weigh its $343 million rate increase. In AEP's Ohio and Kentucky territory, the data center pays first, in collateral, exit fees and $100 million of bill credits.
October 12, 2026
Amazon, Google, Meta and Microsoft agreed to prepay Duke Energy's grid wires; the power bill stays open
Duke's North Carolina settlement makes large users pay upfront to connect, with four hyperscalers and the Pentagon as signatories. The state regulator rules by mid-November, days after Duke's Nov. 5 earnings.
October 12, 2026
Wall Street keeps cutting Sempra while Petrobras commits for 20 years
Barclays lowered its Sempra target to $90 from $103, the third cut in under a month, weeks after Petrobras signed a 20-year deal for Port Arthur Phase 2 capacity. The argument is over what US gas costs in 2030, when those trains start.
October 11, 2026
Generac signed its $8 billion Amazon deal 21 days after the generator order; DOE rules land December 24
Canaccord's target hit $375 as banks repriced Generac as an AI power supplier. The engines come from Weichai-owned Baudouin, the order expressly covers backup generators, and DOE's implementing rules land December 24, 2026.
October 11, 2026
PG&E defers $2 billion of capex and rations new power hookups; its $73 billion plan is the test
Two days after California's session ended without the wildfire-liability reform its plan assumed, PG&E launched a strategic review, deferred $2 billion of 2027 capex and pushed new large loads past an initial 1.6 gigawatts. The fiscal third-quarter call now tests whether the $73 billion plan through 2030 survived the review.
October 10, 2026
BlackRock's $33.4 billion AES buyout turns on one question: can 20 percent money run a 10 percent utility?
Five lawmakers have put GIP's 15 to 20 percent return targets inside FERC's public-interest review of the $33.4 billion AES buyout. Indiana and Ohio have already written the counter-record: zero cost-shifting certified for Google's load, recusals ordered for data-center-linked directors.
October 10, 2026
BWXT jumped 7.4% on a Canadian reactor selection with no contract, price or license
BWXT shares jumped 7.4% after its BANR microreactor was picked to power Canada's first transportable nuclear plant. No regulator holds a live file on the reactor, and the win becomes money only when a definitive agreement, a CNSC application or a Fort Campbell groundbreaking lands.
October 10, 2026
Utilities asked regulators for a record $23.1 billion in rate hikes this year to fund the AI power buildout
Investor-owned utilities asked regulators for a record $4.5 billion in rate increases last quarter, part of $23.1 billion so far this year, to fund a power buildout driven by data centers. In Chicago, judges just recommended a third of what Peoples Gas first asked for.
October 10, 2026
Brookfield Renewable has 99.7% yes votes and still can't pass its own restructuring
Brookfield adjourned the BEP restructuring vote to October 29: 99.7% of cast ballots say yes, but the deal needs two-thirds of all outstanding units. The same yes vote also approves future share issuance by the new company without another holder vote.
October 10, 2026
Washington can now order Chinese inverters off the US grid, and the repair takes 128 weeks
DOE closed comments on October 9, 2026, on the emergency order that reaches the Chinese-brand inverters already installed on America's solar fleet, more than 70 GW of them. No kill switch is proven; the 128-week transformer queue is.
October 10, 2026
Fermi Inc. hits $3.42, a 52-week low, as an NRC draft backs four reactors its $62.5 million cannot fund
The first accelerated, applicant-written environmental review in NRC history preliminarily backs the combined license for Fermi's four-reactor, 17 GW Project Matador. The same session printed a 52-week low, with the filings pricing the build at $70 billion to $90 billion against $62.5 million of quarter-end cash.
October 9, 2026
First Solar sues JA Solar and Corning's US plant as $97 a share to the street's target rides on one patent
First Solar's October 1 suit against JA Solar and Corning's American Panel Solutions drags a US-owned factory into its TOPCon patent campaign. At $177.82 against a $274.47 consensus target, the stock's 53% spread rests on a patent already struck down in China and under reexamination in Washington.
October 9, 2026
Xcel Energy offers to freeze Minnesota rates through 2028, paying with five battery projects' tax credits
Xcel's home-state utility filed a plan to freeze base rates for 2027 and 2028, funded by pulling forward federal tax credits from five battery projects. The state commission must choose by January 2027 between the freeze and a fresh rate case.
October 9, 2026
Xcel Energy exits Michigan, selling 15,000 customers at no disclosed price, to focus on a $60 billion plan
Xcel is leaving Michigan altogether, handing 6,000 gas customers to SEMCO and 9,000 electric customers to Axium-owned UPPCO at no disclosed price, to concentrate capital on a $60 billion plan whose data-center payoff Minnesota's attorney general counts as a cost.
October 9, 2026
Chile charges Enel over phantom meters; Brazil's regulator votes to recommend ending its largest concession
Chile's SEC has charged Enel over phantom meters and a deputy wants a fraud trial; Brazil's regulator interrupted a 2-0 vote to recommend terminating the country's largest distribution concession, with a 60-day clock landing after the run-off. The date the tail risk gets priced is now on the calendar.
October 9, 2026
Duke Energy says dropping carbon limits saves $10 billion, but the number appears in no regulatory filing
Duke Energy's new Carolinas Resource Plan sizes the grid build around 7.8 GW of signed hyperscaler deals and claims $10 billion of savings from dropping greenhouse-gas limits. The claim is not in its filings, and the fight over the caps runs on the same clock as the mid-November tariff vote.
October 9, 2026
West Virginia will hear whether data-center power demand is overstated, in a fight over NextEra's line
A West Virginia hearing opening October 26 will put data-center load forecasts that PJM does not independently validate under oath in a fight over billions in transmission wire. The same doubt already prices NextEra's stock, its October 21 earnings and the $67 billion Dominion merger.
October 9, 2026
Bloom Energy fell 6.3% on a report Oracle is trucking gas and still trades above the street's $258 target
One report that Oracle may run data centers on plain natural gas took 6.3% off Bloom Energy the same morning UBS raised its target to $350, leaving the stock at $272.90, above the street's own average target of $258.32, with a doubled guidance on the line October 27.
October 9, 2026
Indiana regulators approved AES's $1.3 billion Google data center plan; AES trades 0.67% under its $15 buyout
Indiana regulators approved Google's $1.3 billion campus with a $47-a-year savings pitch for other customers, months after the governor fired their chairman over an AES rate hike. The structure is built for November's ballots and for FERC docket EC26-99, where the $33.4 billion buyout waits; the arb spread says the market already knows it.
October 9, 2026
RWE wants data centers to pay for Europe's grid, and RWE owns what gets built
The RWE chief says the companies driving Europe's power demand should pay for the grid that serves them. He also owns the sites, the PPAs and 55% of a grid operator that would collect.
October 9, 2026
GE Vernova won the first US small-reactor permit and fell 3.4%: batteries are undercutting its gas backlog
GE Vernova won America's first small-reactor construction permit on Tuesday and the stock fell anyway. The same week, Wood Mackenzie put numbers on why: batteries now undercut the gas peakers that fill the turbine backlog GEV sells at scarcity prices.
October 9, 2026
Amazon, Google, Meta and Microsoft sign Duke Energy's data-center tariff; ratepayers keep the exit risk
The first US data-center tariff co-signed by Amazon, Google, Meta and Microsoft makes new 50MW-plus loads post cash upfront in North Carolina, while clean energy groups call the exit clause a 25%-of-remaining-bills escape hatch. The NC Utilities Commission rules by mid-November, right after Duke's November 5 earnings.
October 9, 2026
Texas froze 474 GW of AI power requests; the batteries on its garage walls never joined the queue
ERCOT's large-load queue is five times the state's record peak demand, and switch-ons are frozen until a December audit. The squeeze pays whoever can serve peak power without an interconnection request: Base Power, marked at $13 billion in August, installs about a hundred home batteries a day.
October 8, 2026
Virginia puts NextEra's $67 billion Dominion takeover on trial
Public hearings opened this week into NextEra's $67 billion, all-stock takeover of Dominion Energy, days after Virginia's lieutenant governor formally opposed it. The contested asset is a 53.8 GW data-center build in which only 12 GW sits under signed service agreements.
October 8, 2026
Three quarters of Google's 3.6-gigawatt Constellation nuclear deal is power that already exists
The October 6 agreements split into 890 MW of new reactor uprates and 2,700 MW of existing output Google holds for 15 years, in a grid whose capacity auctions have cleared at the price cap three years running.
October 8, 2026
Meta will take 4,500 megawatts from Entergy, whose CEO admits it hasn't studied the downside
At a hearing that opened October 7, Entergy's chief executive put the first official number on Meta's Louisiana draw, 4,500 megawatts, roughly four times New Orleans' use. An elected commission that is four-fifths in favor votes on the seven-plant settlement later this year; Entergy reports on November 2.
October 6, 2026
Iberdrola wants Spain's high-voltage wires back, and data centers are its argument
Iberdrola's Spain chief says stop "demonizing" data centers. Behind the speech sits a two-year campaign to break Red Eléctrica's grid monopoly, a doubled state grid budget and a Goldman Sachs upgrade that needs the wires to keep growing.
October 8, 2026
Quanta's up-to-$2.5 billion cash promise passes through a power line it finished in 2024
Quanta Services raised its 2026 free-cash-flow guide to $2.0–2.5 billion on a record $53.44 billion backlog. Its own 10-Q still names a Canadian transmission line, finished in 2024, as the drag on turning record demand into cash.
October 7, 2026
FirstEnergy wants Ohio to reopen a $250 million scandal penalty and bless a $2.5 billion grid plan
The utility wants Ohio to reopen a $250 million HB 6 penalty the same month the same commission pared its rate request and a Senate race campaigns on the bailout. Q3 lands Oct 27 with revenue up 8.8% and core EPS already down 3.8%.
October 7, 2026
Segra bet 22.5% of its fund on X-Energy. The prize is a fuel factory, not a permit
Segra Capital finished the third quarter holding $222 million of X-Energy, its biggest position, days after the NRC handed the first US small-reactor construction permit to a GE Vernova design. What the concentrated buyers own is the fuel chain: a licensed TRISO plant in Oak Ridge and a HALEU supply deal with Centrus.
October 7, 2026
DTE Energy's 1-gigawatt Google deal set Michigan's data-center template; more deals by year-end
Michigan's regulator wrote the terms for hyperscale power deals in the Google case, and DTE says more agreements come by year's end. The template is now an earnings story for the utility's stock.
October 7, 2026
Xcel filed a Texas tariff to lock data centers into 15-year contracts with exit fees
A tariff filed with Texas regulators on September 28 would make data centers fund their own transmission and generation, with 15-year commitments and exit fees. The same week, Colorado bills rose $5.16 a month and Xcel agreed to exit Michigan: one utility moving its capital from legacy territory to contracted AI load.
October 7, 2026
New nuclear cost 3.3x more per megawatt under Amazon than Google, six days apart at Constellation
Two 20-year contracts signed six days apart put $3 billion behind 190 MW at Calvert Cliffs and $4.3 billion behind 890 MW of reactor uprates. Neither discloses a power price, so capital per megawatt is the only public signal in the AI nuclear scramble, and it moved 3.3x in a week.
October 7, 2026
Newsom signs bills to end California's 50-year nuclear ban, and Diablo Canyon owner PG&E holds the option
Two bills signed this week could end California's 50-year ban on new nuclear and put a formal state assessment on the clock. The option value concentrates on one listed balance sheet, PG&E's, the same month analysts cut it over wire costs.
October 6, 2026
Google signed a 20-year deal to add 890 megawatts to 11 Constellation nuclear reactors
Google signed a 20-year deal today that funds 890 megawatts of uprates at 11 Constellation reactors and locks 15 years of output from 2,700 more, six days after Amazon signed at Calvert Cliffs. Google says households pay nothing; the same grid's last capacity auctions cleared at the federal cap.
October 5, 2026
NuScale sold $985 million of stock in six months. Last quarter's revenue: $75,000.
NuScale sold 89.7 million shares for $984.5 million in six months against $75,000 of quarterly revenue, and a fresh $750 million program is open. The balance sheet holds $1.9 billion and no debt; the payment schedule to its exclusive partner ENTRA1 holds the rest of the story.
October 5, 2026
Washington lends Vistra $4.2 billion for reactor upgrades it won't ask the NRC to approve until 2029
Energy Secretary Chris Wright announces about $4.2 billion of federal financing today for nuclear uprates at three PJM plants. Construction starts this month; the NRC's schedule puts Vistra's Perry application in the third quarter of 2029, and Meta already bought the megawatts.
October 3, 2026
FERC Approved $5.2 Billion of Gas Pipe on Data-Center Forecasts. A Court Will Now Ask Who Needs It.
Landowners and community groups asked the D.C. Circuit on 1 October to overturn FERC's certificates for the South System Expansion 4 and Mississippi Crossing pipelines, and to test the data-center demand forecasts underneath them. Kinder Morgan calls the work on schedule; the next 150 miles enter pre-filing this quarter.
October 3, 2026
Base Power sells Illinois a $95 battery and keeps an $11,760 rebate
Base Power's Illinois contracts put every rebate and grid revenue stream in the company's hands, not the homeowner's, in exchange for a supply discount and a 12-year lock-in. Investors priced that machine at $13 billion in August.
October 3, 2026
Michigan makes Google pay for power it does not use
Michigan's regulator voted 3-0 for the 20-year contracts behind Google's 1-gigawatt Project Cannoli: an 80% minimum-billing floor, 15 years of guaranteed charges, up to $2.5 billion to exit. DTE's pledge to hold rate increases until 2028 rests on its first data center coming online by end-2027 and on other regulatory approvals, and that first approval is on appeal.
October 3, 2026
RWE took $1.22bn to quit US wind, then sold $1.5bn of green bonds
Six weeks after Interior paid RWE $1.22 billion from the judgment fund to drop its offshore wind leases, RWE's US finance arm sold $1.5 billion of green bonds. A watchdog finds the buyouts' reinvestment pledges are verified by no one, and the bond's green label rests on where RWE says the money will go.
October 4, 2026
Exelon's power plant comeback plan is running into Maryland's ratepayer wall
Exelon pledged to return $160 million in Maryland tax refunds this week while its bill letting utilities build power plants on customer bills waits in Annapolis. A year of regulatory cuts says the ceiling on bills, not AI demand, decides who profits.
October 4, 2026
National Grid wires five London data centres while its delivery record takes the hits
Reported contracts would wire five London data centres and 1 GW of demand into the grid days after a trade report found National Grid significantly under-delivered boundary capacity in the T2 period. Ofgem is rewriting who pays to connect, and from London to Albany the money is being asked to wait.
October 4, 2026
Petrobras signed 20 years with Sempra, then bought the same gas from Cheniere
Petrobras signed 20 years into Port Arthur LNG Phase 2, then bought the same volume from Cheniere for 22. Aramco returned on a single Saudi wire, and the KKR stake sale meant to fund Sempra's build ended its guided quarter still pending.
October 2, 2026
Houston bills jump 28 percent as CenterPoint's Texas profits climb 32
CenterPoint's Houston wires utility earned $298 million in the first half of 2026, up 32 percent, as Texas senators opened a review of how utility returns are set and its delivery charge climbed 28 percent on October bills. The stock hit a 52-week low anyway; the next earnings print lands 27 October, eleven weeks before the legislature convenes.
October 2, 2026
Amazon scrapped its Maryland data center and bought the nuclear plant's power anyway
A 20-year, $3 billion agreement with Constellation funds a 190-megawatt uprate at Maryland's only nuclear plant, weeks after Amazon abandoned the campus next door. Every electron stays on the grid, and the market's next power auction is frozen until February.
October 2, 2026
Oracle volunteers to absorb a $300 million nuclear bill in Wisconsin
Oracle will buy 125 to 250 megawatts of Point Beach, Wisconsin's only nuclear plant, and says taking that bill onto itself spares other customers $300 million through 2033. Every decision that matters now sits with one state commission, and the terms are still unwritten.
October 2, 2026
GE Vernova Is Buying Equity In Its Own Order Book
A 1 October disclosure shows GE Vernova putting PLN 436 million into Synthos Green Energy, the developer of its own BWRX-300 reactor, three days after the first US construction permit and four weeks before a Q3 print that tests who pays for the $176 billion backlog.
October 2, 2026
NextEra's $22.3 billion Texas power campus is not NextEra's to own
The campus is owned by Washington and Seoul, and Ketchum says NextEra need not put one cent in, collecting fees worth about half an owned plant's margin. The same 72 hours brought an Oklahoma price-gouging liability ruling and a Virginia merger clock running toward default approval.
October 2, 2026
National Grid's rate "freeze" leaves $1.7 billion waiting on New York gas bills
National Grid's New York gas "freeze" holds rates flat for 2 million customers while keeping $250 million of expiring charges on bills and banking $1.7 billion of pipe spending for collection from 2028. The state Public Service Commission votes this fall on letting it stand without a full rate case.
October 2, 2026
PG&E filed a decade of burying wires the day Sacramento voted to cut the profit on burying wires
PG&E filed a 10-year plan to bury 5,000 miles of wire and claims $117 billion of benefits, more than 10 times an investment figure it never gives. Sacramento signed a law the day before that targets the profit on exactly this work, and three underground vaults exploded in San Francisco the day it was filed.
October 2, 2026
Google gets its Michigan gigawatt, and a $2.5 billion price to walk away
Michigan approved 20-year contracts that bill Google for 80% of its contracted load even if the servers sit idle, short of the 90% the attorney general demanded. The same day, county leaders preserved Google's $125 million tax break, and DTE's $6.4 billion gas-plant ask is queued behind it.
October 2, 2026
Google's Minnesota data center: Xcel counts $1.1 billion in savings, the watchdog counts $1 billion in costs
Minnesota's ratepayer advocate puts the Xcel-Google power deal for the Pine Island campus at about $1 billion in net costs to other customers, the reverse of Xcel's $1.1 billion savings claim. The same commission that just raised Xcel's allowed profit return over that advocate's objection now decides the deal.
October 2, 2026
The gigawatt meant to cut Kentucky power bills still has no announced tenant
Kentucky Power says one TeraWulf campus in Ashland would cover about half its fixed costs and steady rates. The miner has announced no tenant there, while AEP's Ohio arm has booked data-center contracts 70% above its own historic peak.
October 2, 2026
Fervo's geothermal plant is selling power 23 months after breaking ground
Fervo's Cape Station block began selling electricity on 30 September, 23 months after groundbreaking, the first greenfield enhanced-geothermal plant anywhere to get there. The receipts now land in a listed company's numbers, against gas answers still on a 2027 delivery calendar.
October 2, 2026
Trump got a letter from a Michigan township; RWE got $1.22 billion
Zeeland Township is asking the president to help stop a $300 million RWE solar farm on its farmland. Seven weeks earlier, his Interior Department paid RWE $1.22 billion to abandon US offshore wind and buy into LNG.
October 2, 2026
Goldman's record €25 target prices an Iberdrola plan that does not exist yet
Iberdrola closed the third phase of its Brazilian grid alliance with Singapore's GIC on 1 October 2026, handing the fund 49% of a BRL 25.5bn transmission platform. The same day, Goldman Sachs set a record €25 target on the stock, resting on a strategic plan Iberdrola has not published.
October 2, 2026
Sempra's chosen quarter for the $10B KKR close ended with no close and a 52-week low
Sempra has said since July that it expects the $10 billion sale of 45% of its infrastructure arm to KKR to close in the third quarter. The quarter ended 30 September with no closing release in the record, and SRE touched a 52-week low of $76.66 on 29 September.
October 1, 2026
SSE defends the charge on British bills the morning its interim earnings nearly double
On 1 October SSE handed shareholders a trading update, with half-year EPS of 64 to 68p against 36.1p a year earlier, and handed bill payers an op-ed conceding the network element of bills will rise "for a period". Its 225 to 250p target for 2029/30 is built on the same grid buildout those bill payers fund.
October 1, 2026
LG swaps Chinese cells for costlier Korean ones in Korea's biggest battery tender
Korea's third ESS tender scores price at 50 of 100 points and pays 25 for domestic content, and bids close 11 November. LG Energy Solution, which took 14 percent of round two with Chinese-made cells, now bids an all-Korean cell into that squeeze.
October 1, 2026
Xcel's billing mess meets the rate case that funds its data center build
Xcel files its answer at the Minnesota PUC today while the same commission weighs whether to keep a 9.6 percent return worth $34 million to $35 million a year. St. Paul's mayor and the attorney general want an outside audit; Xcel says there is nothing systemic to audit.
October 1, 2026
NextEra's Texas AI campus answers to two governments. Its $67 billion merger answers to ratepayers
On the day Washington and Seoul announced the $22.3 billion Project Star gas campus to power Texas AI, twelve lawmakers moved to block NextEra's $67 billion Dominion merger and Florida's governor demanded hyperscalers pay their own way. The growth is going merchant; the politics stays regulated.
October 1, 2026
Five lawmakers ask FERC to kill the $33.4 billion AES buyout over its return math
Warren and four House members put the fight's number in front of FERC: buyers who underwrite at 15 to 20 percent agreed to take private a utility business that historically earns 10. The same public-interest test now sits in front of the $67 billion NextEra-Dominion merger.
October 1, 2026
Louisiana puts Meta's gigawatt on trial, and Meta won't take the stand
Entergy's Project Evest, seven gas plants and 250 miles of line built around one customer, faces cross-examination in Baton Rouge from 7 October, with Meta absent from the witness list. Nineteen days after North Carolina rejected a Duke gas plant on unproven data-center demand, Louisiana's ratepayers get the same test.
October 1, 2026
Enel's São Paulo concession now waits on a minister named in a banker's seized messages
Brazil's regulator has closed off Enel São Paulo's last procedural defense in a process that can forfeit its concession with no prior compensation, a loss that would land on Enel SpA shareholders. The final word sits with a ministry whose minister appears in a banker's seized messages.
October 1, 2026
Siemens Energy Sold 1.7 GW of Mobile Gas While Regulators Doubt the AI Load It Feeds
Siemens Energy will ship 119 turbine cores, more than 1.7 GW, into Dynamis's mobile power packages for US data centers and industry from 2027, selling speed of installation on timelines utilities struggle to match. The same month, regulators in two venues moved to keep the cost of AI demand forecasts off ratepayers.
September 30, 2026
One company would own every nuclear plant in New England. Four states just asked FERC to stop it.
Four New England attorneys general filed a FERC protest on 29 September against the $67 billion NextEra-Dominion merger, which would hand one company every nuclear plant in the region. Virginia's public hearings open on 7 October, and a pending motion to reset the state's 180-day clock could push its ruling into 2027.
October 1, 2026
Under oath today: the JobsOhio chairman who advised FirstEnergy the night of the bribe
State pension funds suing FirstEnergy began deposing Josh Rubin yesterday, and the lobbyist turned JobsOhio chairman returns under oath today. The board declared the quarterly dividend Tuesday; the civil damages bill is still unpriced.
October 1, 2026
Amazon Bought 20 Years of Nuclear Power the Day PJM's Backstop Auction Failed to Open
Constellation hit a two-month low on FERC's freeze of PJM's 6,831 MW backstop, then announced a 20-year, 690 MW Amazon contract that funds a $3 billion expansion of Maryland's only nuclear plant. The bilateral market is answering a capacity market that just stalled.
September 26, 2026
Entergy sued the Arkansas papers that printed Google's power bill, then dropped the case
Leaked Arkansas filings show Google covering a third of its $1.6 billion solar plant upfront while households pay a $5.77 monthly rider toward the build. Entergy claims the contract leaves customers $1.1 billion better off; the 28 October earnings report is the first check on that arithmetic.
September 26, 2026
Wall Street values Talen at $514. Its own wells found arsenic.
A federal judge is letting a citizen suit proceed over arsenic in groundwater beside Talen Energy's Brunner Island coal plant, 500 feet from the Susquehanna. The AI-power favorite trades near $303 with a $514 bull case, and the cost of cleaning up Basin 5 is the one number nobody carries.
September 26, 2026
North Carolina kills Duke's $584M gas plant over AI demand it can't verify
North Carolina regulators denied Duke Energy's $584 million gas turbine because its data-center demand forecast was "insufficiently reliable." The test they applied instead is a voluntary White House pledge, and the fight over who pays for AI power has moved from township zoning into utility rate cases.
September 26, 2026
Google Is Paying to Stretch Georgia's Reactors. Southern's Stock Hit a 52-Week Low Anyway
Georgia Power has filed a tariff that puts Google, not ratepayers, behind nuclear uprates at Plants Vogtle and Hatch: about 96 megawatts and a claimed $900 million in customer benefits. Two days later, Southern's shares touched their lowest price in a year.
September 26, 2026
San Francisco cleared the path to seize PG&E's grid; the price war starts 20 October
PG&E must publish its own valuation of the city's wires by 20 October, after a wildfire-liability collapse that cost it a Fitch downgrade, $2 billion of deferred grid work and a slower data-center pipeline. Whoever blinks, ratepayers are already paying for the fire risk.
September 30, 2026
The Customers Walk; CATL's Suppliers Carry the Float
Li Auto, Xiaomi and XPeng are pulling battery volume out of CATL, which ended 2025 owing suppliers ¥263.6bn against the ¥121bn its customers owed it. Its answer to the defections is a 100 GWh plant in Hungary.
September 30, 2026
Exelon Brands a Court-Ordered $160M Refund as Its Promise While Fighting a $32M One
Maryland must return more than $250M in sales taxes on grid equipment, and Exelon's three utilities will credit $160M of it back to bills as customer relief. At the same commission, those utilities argue state law blocks a $32.2M refund of 2025 overcollections.
September 30, 2026
Helion erases its 2028 electricity prediction as its round closes at $500M
Helion's website no longer predicts its first plant will produce electricity in 2028, and its public affairs director says full power will not come before 2029 or 2030. Microsoft holds the contract, Constellation markets the power, and the crossover, pension and sovereign-wealth investors who just closed a $500 million round hold the mark.
September 30, 2026
Talen's CEO tops US power pay at $409 million. His host township signed the NDAs.
Mark McFarland's $409 million stock package is 2.6 times the next biggest in US power, and Talen is no regulated utility: it told investors in May that PJM scarcity will further benefit its gas plants' economics. On Monday the stock closed at $303.50, below its $322.41 50-day average, against a $460.08 consensus target.
September 30, 2026
Xcel Plays Three State Tables to Turn Grid Crunch into Regulated Yield
Regulated utilities are compounding returns on power buildouts while using long-term tariffs to shield shareholders from data center downside.
September 27, 2026
203 protests, six intervenors: Oklahoma decides Monday who can fight AEP's power line
An Oklahoma judge's recommendation would leave five landowners and one landowner group as the only parties against AEP's SPP-mandated 345 kV line, with 203 protests recast as \"public comment.\" The commission votes Monday, and the fight has moved from the route to the courtroom door.
September 27, 2026
BlackRock's $33 Billion Utility Buyout Got Two Answers: Ohio Drew a Line, Indiana Kept Billing
PUCO approved the $33.4 billion AES takeover with a ban on merger costs in rates and data-center recusals for directors. Indiana's $71 million increase keeps billing 500,000 meters while a rehearing triggered by Google's data center and the buyout itself waits until March 2027.
September 27, 2026
Lakewood demands blackout backup while FirstEnergy books an AI-lifted quarter
Mayor Meghan George formally asked Ohio regulators to order FirstEnergy to keep power flowing, with backup generators if needed, through a grid rebuild its own chief executive says will take up to nine years. The same month, a state audit put Ohio power prices up 34% since 2022 while the utility's data-center forecast hit 25 gigawatts.
September 27, 2026
RWE feeds Oracle's AI data centers while suing a Michigan farm family for 30% of its solar site
The week RWE signed a 433 MW deal backing Oracle's Texas data centers, it refiled state papers for a $300 million Michigan solar farm that one township and one farm family are tying up in court. The AI buildout has a new cost line: land litigation.
September 28, 2026
Nine states sue as offshore wind buyouts near $4 billion booked to a lawsuit fund
Nine states sued on 22 September to void Interior Department deals that would pay Bluepoint Wind and Invenergy more than $1.5 billion to abandon offshore wind leases, with the money booked to the Judgment Fund, a Treasury account reserved for court judgments. Counted deal by deal, the buyout program has agreed to return $3.93 billion to developers.
September 28, 2026
FERC keeps ComEd on the hook for a $20 billion data center backed by $1
FERC has left Commonwealth Edison bound to a transmission contract for a 1.8-GW, $20 billion data center whose developer says a $1 posting met its initial credit requirement. The credit fight now belongs to a federal judge, and Exelon's shareholders are watching from 61 cents above a 52-week low.
September 29, 2026
Louisiana's largest newspaper threw Meta a party. Weeks later, the state sealed Meta's power data.
John Georges, owner of the Times-Picayune, has spent more than a year chasing a News Corp-scale licensing check from Meta. Weeks after his company co-hosted a Meta celebration, Louisiana regulators voted to seal the data behind Meta's $50 billion Hyperion campus, leaving ratepayers holding the exposure.
September 29, 2026
Ameren justifies a gas buildout and Missouri coal to 2042 with 2.8 GW of signed demand
Ameren Missouri's new 20-year plan leans on signed large-load contracts to justify a gas-heavy buildout and six more years for two Labadie coal units. Households are already contesting the first bill.
September 26, 2026
Vistra's New 7.25% Bond Runs 31 Years. The AI Premium Lasted One.
Vistra closed $1.5 billion of 31-year junior subordinated notes at 7.000% and 7.250%, guaranteed by the parent, in the same session its stock finished about 37% below its high. The AI-power trade has stopped selling growth and started charging credit.
September 28, 2026
Siemens Energy is buying €2 billion of its own stock as Siemens AG slips below 5%
A €2 billion tranche opened sixteen days after Siemens AG fell to 4.98%, and six days before the parent's last board delegate exits. The street is split between €245 and €100 on what the order book is worth.
September 28, 2026
Who stands on the other side of GE Vernova's $176 billion backlog
Oracle invoked force majeure on a Stargate campus and the power-equipment trade sold off; the same week, GE Vernova signed Egyptian state-utility work running to 2035 and a four-way nuclear pact aimed at Poland and the UK. The $176 billion backlog is gaining customers on decade-long service schedules, and most of that new work is not yet firm.
September 26, 2026
Crusoe kills its $1.25B Boom turbine order days after a $3.9B raise
Boom Supersonic's turbine business just lost its only named customer and the anchor revenue behind its plan to fund the Overture jet. Crusoe, days after a $3.9 billion raise, is buying grid power and proven machines instead.
September 26, 2026
NextEra's $67 billion Dominion bid pays Virginia households with data centers' credits
NextEra and Dominion would stretch Virginia households' $10 monthly credits from two years to four inside a flat $2.25 billion pot, paying for the extra years largely with credits once promised to large data centers. FERC has now deemed the merger application deficient, weeks before Richmond hears the case.
September 27, 2026
X-energy's fuel plant feeds 11 reactors. Its order book runs to 144.
America's first new commercial-scale nuclear fuel plant in more than 50 years is standing in Oak Ridge, and XE closed the week at $15.08. The plant can fuel 11 reactors a year; the order book runs to 144.
September 27, 2026
Malaysia's Yeoh family seats 12 heirs on its boards amid a $10.5 billion AI power bet
Twelve grandchildren of the founding family joined the boards of YTL's three listed vehicles on 24 September, nine days after its utility reserved a seventh Siemens turbine for a 5.2GW gas buildout. The two stocks carrying the capex fell on the filings.
September 21, 2026
A company with no tenant signed a 20-year power bill, and its stock jumped 30%
New Era Energy & Digital took a 20-year, 207 MW power obligation into its own name, with up to $198.8 million of credit support behind it and no customer announced. Vistra takes the revenue, a 5% stake and options, and moved less than 1%.
September 17, 2026
AI Is Rewriting the Power Bill. These Six Companies Collect Different Pieces.
Aaron Jagdfeld has a new way to explain Generac's future: the company expects initial backup-generator deliveries to Amazon worth $2.4 billion in 2027 and 2028. The agreement, disclosed on September 16, puts the company best known for keeping homes running during outages deeper inside the AI infrastructure build-out.
September 14, 2026
Vistra's $1 Billion AI Bet Changes Who Carries the Risk
Vistra can sell power to the AI buildout and help finance it. Owning connected plants is a real advantage; committing shareholder cash to the projects that buy from them is a different bet.
September 9, 2026
Every 'Safety' Press Release This Quarter, Ranked by How Much It Moved the Stock
The correlation is not zero. The direction is not the one you would hope.
September 9, 2026
The Real Bottleneck Was Never Chips. It Was Megawatts.
Utilities are quietly re-rating every gas turbine they can find. The GPUs are on the loading dock; the interconnection queue is measured in years.

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WEC's $47.5 billion data-center bet meets its regulatory test in Chicago

First Solar raised prices on every deal since August; the $0.38 per watt import floor lands December 4

NextEra's $67 billion Dominion buy gets a Virginia ruling January 11 on who pays AI's power bill

Entergy says Google's $550.6 million battery build costs ratepayers zero, and the Arkansas PSC tests it

Xcel's $70 billion grid plan starts with a $6 billion stock sale

DOE offers Constellation up to $5 billion to add nearly 1.1 gigawatts at running reactors for Google, Amazon

WEC Energy's $47.5 billion grid plan bets on AI data centers, and Wisconsin's regulator holds the key

Missouri votes Tuesday on half of Ameren's power buildout

X-energy trades near $11 as AEP says its 12-reactor Indiana project has no final decision before 2030

First Solar Cut Its Customers and Kept the Tax Credit

NuScale jumped 7% on its first reactor hardware, while a shareholder suit called its plan a farce

A tariff Duke is writing in South Carolina decides who pays for AI's power plants

FirstEnergy nearly doubles contracted AI load in nine months to 7.9 GW, and Ohio votes on who pays

Dominion's AI build puts the power bill on data centers, and the carbon bill on everyone else

AEP signs Google and SoftBank to pay for its grid, but only 35 of 84 gigawatts have firm contracts

PG&E has a 12.87GW AI power queue and a $2 billion hole, so Google pays first and ratepayers pay later

Schneider Electric's record €11.46 billion quarter rides AI data centers, with a third price rise planned

Johor's grid cannot keep up with AI, so YTL Power is buying 1,623 acres at Port Klang

Doosan gets paid to build the reactor NuScale still has to sell

Quanta just booked the AI buildout's labor constraint as a $63.7 billion backlog

American Electric Power added $22 billion of spending and $5.2 billion of stock; CFO won't promise 24% again

National Grid quoted £1.1 billion for Sea Link to planners while asking its regulator for £2.567 billion

Citi says $11, UBS says $6 on Fluence: the fault is in delayed Houston plants, not Europe

GE Vernova turned 13 GW of reserved turbine slots into firm orders; backlog hit $197 billion

Amazon's AI buildout tripled Generac's order book to $4.5 billion at half the margin of its home business

Google and Amazon now pay to build AEP's power plants: a $4 billion fuel-cell plant and 12 reactors

DOE offers Constellation $5 billion to add 1.1 gigawatts already sold to Google, Amazon and Meta

PG&E wants cheap permits and expensive grids: Proposition 45 is where the two meet

Elementl signs Korean funding deal for Ohio reactors as GE Vernova counts on a 116GW gas backlog

CMS Energy earns $1.44 adjusted while funding the fight against Michigan's utility money ban

Amazon agrees to fund and buy power from 12 small reactors at AEP's retired Indiana coal plant

LG Energy Solution's storage bet: 50 GWh of supply waits on 2 GWh of announced demand

CenterPoint's answer to Harris County: a $70.7 billion grid and a $5 billion promise

Banks' $50 targets bet on FirstEnergy's 4.3 GW AI load; Pennsylvania and Ohio decide who pays

Entergy's AI savings math meets its first audit: $308 million in Arkansas, $3.4 billion in Louisiana

Constellation sold Google 20 years of nuclear power, and still trades 38% below its high

Centrus paid $116 million for its centrifuge casing maker as the stock hit a 52-week low

Evergy reports November 5 before Missouri hearings on its 710-megawatt gas plant

New Jersey's biggest AI campus brings its own power, and PSEG's growth now rests on its nuclear fleet

PG&E has energized 174 megawatts of its 12.87-gigawatt data center pipeline and cut $2 billion of capex

Constellation's 18.5-year nuclear contracts meet the November 3 midterms and the grid cost fight

PPL's 31.8 GW pipeline in advanced planning waits on a transmission tariff; plan update November 6

Fluence's AI power bet faces a securities-fraud suit after three guidance breaks and a 73% fall

Harris County targets CenterPoint's $66.7 billion capital plan over data center grid surge

Amazon bought 690 megawatts from Constellation's Calvert Cliffs; Calvert County's zoning gates the next deal

GE Vernova's gas customers put 25% down, so its October 28 order line, not Meta's financing, is the test

Siemens Energy fell 2.9% Friday on CoreWeave's 15% bond yield; its backlog is EUR 162 billion

WEC Energy Group seeks to buy $2 billion of Invenergy gas plants no regulator tested for need

AI demand is pushing Exelon back into the generation business it spun off

AT&T's copper exit frees power for data centers while 911 systems fail on the wire it leaves behind

Bloom Energy sold a record $1.24 billion of fuel cells and still used cash doing it

Fort Bend offered Tesla 35 years of tax breaks for a plant Tesla hasn't chosen

Duke Energy's North Carolina rate ask is cut in half; a $42 monthly credit for 80,000 homes ends Dec. 31

PG&E warns 25,000 customers of six-month hookup delays as its CEO predicts a bailout case from the regulator

Microsoft quit Nscale's UK AI campus over power not due until the 2030s; National Grid reports November 5

AEP's $4 billion Bloom Energy plant has Google buying 20 years of power and a December deadline

Xcel runs two price books for AI data centers: one public, one confidential

Constellation's nuclear contracts run 20 years; its cash problem is due now

Oracle trucks fuel at four times pipeline cost to its AI campuses while Trump posts a power mandate

Missouri just approved 945 MW of grid. Ameren has already signed 2,800 MW of data centers

Amazon's Indiana nuclear deal is a study; AEP's 69 GW of sold load is the story

DTE asks Michigan regulators for $6.4 billion in gas; Sierra Club says AI data centers drive it

One buyer was 73% of Bloom Energy's record quarter. Tonight's report has to repeat it

CATL bought back RMB800 million as shares fell 11.41%; a 2% battery tax lifts its tax bill to RMB2.21 billion

Kinder Morgan's backlog jumped half in one quarter to a record $14.4 billion

We Energies seeks $2.3 billion for power from Wisconsin's 1.5 GW AI gas plants as customers pay for dead coal

Cummins falls 29% from its high as three banks cut targets; November 5 earnings test the diesel case

Talen's 1,920 MW Amazon headline meets a 240 MW floor on November 3

FERC accepted Duke's 15-year data center payment floor. The security behind it lasts 90 days

Entergy promised transparency on Google's $600 million Arkansas deal, then filed it blacked out

Constellation spent $2.42 million lobbying Washington the same month it sold Google 3,590 megawatts

Barclays cuts NuScale to Underweight with a $5 target; 16 months of cash, no plant contract

Bloom Energy's 63.5x premium rides on Oracle's 2.45-gigawatt campus and a December 7 air-permit hearing

Baker Hughes and GE Vernova sign for up to 16 Venture Global power islands; first order due Dec. 31

Constellation sold gas at $1.4 million a megawatt, then priced nuclear at $4.8 million

Entergy puts Google's $600 million Arkansas grid build on Google's tab, promising $2.1 billion of savings

AEP and Amazon-backed X-energy agreed only to study a 960-megawatt nuclear site; the lockup lifts this week

Xcel's 780-megawatt Google deal pays even if the AI boom cools; both bets wait on one Minnesota ruling