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PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom
PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom
PJM Interconnection, operator of the largest power grid in the United States spanning 13 states and serving more than 65 million people, has launched an emergency proposal to secure 15 gigawatts of new electricity supply, according to Bloomberg. The move aims squarely at the surging AI data center demand, which has pushed the regional grid to its limits. The plan calls for bilateral negotiations to pair proposed data centers with new power plants.
PJM will begin gauging interest from developers and generators...
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Jun 23, 2026 / Tyler Durden
California Residents Sue Gas Stations Alleging AI Price Fixing
California Residents Sue Gas Stations Alleging AI Price Fixing
Authored by Naveen Athrappully via The Epoch Times,
Three California residents are suing a fuel pricing company and several gas station operators, alleging that they use artificial intelligence-based pricing systems to raise gasoline prices in an uncompetitive manner.
Gas prices above $6 a gallon are displayed at a Shell station in Los Angeles on on May 4, 2026. Justin Sullivan/Getty Images
"Californians are being forced to pay surcharges that cannot be explained by crude oil costs, refining costs, environmental regulation, or taxes," said the...
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Sep 30, 2026 / Tyler Durden
Europe Races To Contain Energy Crisis With Patchwork Measures
Europe Races To Contain Energy Crisis With Patchwork Measures
Via Remix News,
European governments are racing to blunt a fuel shock that even some analysts now refuse to forecast, as Brent crude holds near $100 a barrel and diesel prices climb across Europe.
The international oil market has been expensive for months. What has changed is the confidence of the people paid to explain it. JPMorgan told clients on Sept. 17 that, for the first time since fighting began around Iran about seven months earlier, its commodities team no longer has a...
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Sep 23, 2026 / Tyler Durden
More US Homebuyers Apply For Riskier Mortgages As Interest Rates Top 7%
More US Homebuyers Apply For Riskier Mortgages As Interest Rates Top 7%
Authored by Andrew Moran via The Epoch Times,
Higher interest rates pushed prospective homebuyers toward riskier mortgages last week, new industry data show.
The total volume of mortgage applications declined almost 2 percent for the week ending Sept. 18, according to a report released by the Mortgage Bankers Association on Sept. 23. This represented the third consecutive weekly drop.
Applications for a mortgage to purchase a home fell 1 percent and were down 11 percent from the same time a year...
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