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Affects 1.5 million homes in Minnesota, Michigan and New York Bloomberg News Ford has written letters to the governors of those states to inform them of the surcharge, he told reporters at the provincial legislature. “If these tariffs persist, if the Trump administration follows through on any more tariffs, we will immediately apply a 25 …
Ontario, Canada’s most populous province, on Tuesday said that if U.S. tariffs persisted, it would impose a 25% surcharge on electricity exports to New York, Michigan and Minnesota. Premier Doug Ford also told reporters that Ontario would ban U.S. companies from provincial procurement contracts and was ripping up a contract with Elon Musk’s Starlink.
My testimony for the House Oversight Committee’s hearing on “Leading the Charge: Opportunities to Strengthen America’s Energy Reliability.” By Alex Epstein Below is a video of my spoken testimony and Q&A, along with my prepared remarks, for last week’s House Oversight Committee’s hearing on “Leading the Charge: Opportunities to Strengthen America’s Energy Reliability.” Introduction America …
COMMENTARY: How to Solve America’s Electricity Crisis – Alex Epstein Read More »
New plants are expected to start up between 2029 and 2032 Energy industry anticipates surge in demand from data centers By Josh Saul GE Vernova Inc., NRG Energy Inc. and Kiewit Corp. agreed to develop up to 5.4 gigawatts of gas-fired power plants, with one NRG executive saying that artificial intelligence is driving an electricity …
GE Vernova and NRG to Build 5 Gigawatts of Gas Plants for AI Read More »
By Archie Hunter Gas, power and LNG are set to eclipse oil as the biggest driver of commodity trading profits, according to research from McKinsey & Co Inc. “In the last two years they’ve been almost parallel and we definitely see stronger fundamental growth prospects on the power, gas and LNG side going forward,” said …
Gas, Power and LNG Trading Profits to Eclipse Oil, McKinsey Says Read More »
(Reuters) – U.S. Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called for every U.S. power plant to produce 10-15% more electricity to meet the growing energy needs to expand artificial intelligence across the United States. “Winning the AI arms race doesn’t just take software developers. It takes …
US Energy Council Chief Says Power Plants to Produce 15% More Electricity Read More »
Feb 13 (Reuters) – PG&E Corp (PCG.N), opens new tab on Thursday raised its adjusted core earnings forecast for 2025, as the power company benefits from lower operating expenses and higher electricity rates. Last month, the California Public Utilities Commission approved another request from the company to raise electricity prices after a series of similar …
PG&E Raises 2025 Core Earnings Forecast on Higher Electricity Rates Read More »
Major U.S. electric utility Exelon increased its four-year capital investment plan by 10% to $38 billion, with the bulk of the spending aimed at bolstering and building new transmission lines, executives said on an earnings call on Wednesday. Many U.S. power companies have revised up capex plans over the past year as the proliferation of …
Exelon Boosts Capex plan by $3.5 Billion, Mostly to Bolster Power Lines Read More »
(Reuters) – U.S. power consumption will rise to record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. With growing demand from data centers dedicated to artificial intelligence and cryptocurrency and with homes and businesses using more electricity for heat and transportation, EIA projected power …
US Power Use to Reach Record Highs in 2025 and 2026, EIA Says Read More »
(Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its basic …
Difficult Yet to Predict DeepSeek’s Potential Impact on Power Demand, Japan’s METI Says Read More »
