Virginia's carbon market re-entry triggers $60 allowance spike
Virginia rejoins RGGI on July 1, forcing power plants to buy carbon allowances at double 2026 prices; regulators racing to finish reinstatement by May 21 deadline.
EIA's April STEO: Hormuz Crisis Reshapes U.S. Grid Math for Storage
Today's EIA Short-Term Energy Outlook reveals U.S. electricity demand rising 3% this summer as Strait of Hormuz shutdowns tighten gas supplies—forcing 24 GW of battery storage online in 2026, a 56% surge from record 2025.
DOE Closes $26.5B Southern Company Loan, Largest in Agency History
The DOE closed a $26.5 billion loan to Georgia Power and Alabama Power — the largest in agency history — to fund 16+ GW of mixed capacity across 200+ projects as data center load surges.
Michigan PSC Approves Consumers Energy Grid Reliability Plan for 2 Million Customers
Michigan's PSC approved Consumers Energy's 2026 Reliability Action Plan on March 27, directing $0.75 of every customer dollar to grid hardening for nearly 2 million homes and businesses — a signal that distribution-level infrastructure is now the regulatory priority as U.S. load growth accelerates.
TotalEnergies Surrenders 4 GW of U.S. Offshore Wind for $928M
TotalEnergies relinquished two U.S. offshore wind leases on March 23, 2026, erasing 4+ GW of planned capacity and accepting a $928M dollar-for-dollar federal buyback — the Trump DOI's most effective policy instrument yet against the sector.