Regulatory moves, rate cases, capacity market shifts, and competitive supply developments across every major U.S. ISO. Curated for the people who actually trade, schedule, and manage energy portfolios.
NERC flagged no high-risk grid regions this summer, the first quiet outlook in years. Analysts call it a reprieve, not a fix, because data center load comes back hard by 2030. Near-term capacity costs may ease, but the forward curve past 2027 still points up, so don’t let a calm summer soften your hedging.
July futures eased even as a scorching heat wave was set to push power burn to a summer high. A dip in LNG feedgas volumes and steady production kept pressure on the market. For marketers, strong output and a feedgas pullback cap Henry Hub upside right when cooling demand peaks.
Vinton Dome Storage Hub asked FERC to authorize a new high-turn storage facility in Calcasieu Parish, right in the Gulf Coast LNG corridor. High-deliverability storage gives marketers a tool to manage basis swings and capture intraday spreads next to fast-cycling LNG demand. More salt-dome capacity in Louisiana is a plus for anyone trading Gulf Coast volatility.
DOE let PJM force data centers and large loads onto backup generators and run plants past pollution limits as demand hit a record 166,304 MW. It’s a last-resort move that shows how tight PJM supply has gotten. Suppliers carrying summer length or unhedged peak exposure felt the scarcity pricing directly.
Waha has stayed in positive territory since Kinder Morgan’s Gulf Coast Express expansion came online, a relief after seasons of negative Permian prints. Agua Dulce on the receiving end barely moved, so the new takeaway is lifting the basin without crushing South Texas. Permian marketers get better netbacks as long as those flows keep ramping.
Northeast winter basis has plunged while balance-of-summer Waha has soared, driven by geopolitics, weather, and pipeline shifts. Moves this big open real spread opportunities for marketers who position ahead of them. Waha strength in particular helps anyone long Permian supply.
July futures pushed higher as models locked in a multi-day heat wave across the Central and Eastern U.S. Cooling demand is climbing and the storage surplus is starting to shrink. For marketers, tighter summer balances give prices room to run if the heat holds.
FERC issued show-cause orders telling PJM, ISO-NE, NYISO and three other operators to fix how data centers connect and who pays for it. The focus is cost allocation, co-location, and flexible-load service, with tight deadlines to respond. Cleaner rules could keep large-load upgrade costs off the mass-market customers suppliers actually serve.
We monitor more than two dozen sources across power and U.S. natural gas: regulatory filings, trade publications, ISO newsrooms, and gas market desks. Everything gets classified by market, scored for relevance, and analyzed through the lens of the people who actually trade power and gas.
Generic energy news doesn’t tell you what it means for your book. We filter everything through the lens of power and U.S. natural gas operations, because that’s what we do.
Every story gets read for what it means to your book. Headroom and cost stacks for power suppliers. Henry Hub, basis, storage, and LNG for gas marketers. Not general industry news. Your news.
Each article gets a sentiment score: bullish, bearish, or neutral, scored from the seat that matters. Power stories through a retail supplier lens, gas stories through a marketer lens. See what’s moving the market at a glance.
Filter by the markets you actually trade. PJM, ERCOT, ISO-NE, NYISO, or pull up just the U.S. natural gas cards. PJM capacity drama doesn’t matter if you trade gas. We let you focus.
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