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PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett
PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett
By Ethan Howland of UtilityDive
The PJM Interconnection’s just-held capacity auction cleared nearly 7 GW below its reliability target and only drew roughly 500 MW of new power supply, Federal Energy Regulatory Commission Chairman Laura Swett said Thursday.
“These numbers compound the alarm bells for a call to action in PJM,” Swett said during the agency’s monthly meeting. “Am I surprised that PJM failed to deliver? No, I am not,” Swett said later during a media briefing.
However, FERC isn’t trying to “target” PJM,...
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Apr 7, 2026 / Tyler Durden
Death Of Hollywood In Two Charts
Death Of Hollywood In Two Charts
The nightmare story for Hollywood is playing out in real time for the world to see, as a century-old entertainment economy implodes and bears all the hallmarks of what happened to Detroit after the auto industry went bust.
A new Wall Street Journal report describes the Hollywood job market as being in "collapse" mode, with employment in the industry down 30% from its late-2022 peak, while behind-the-scenes union workers logged 36% fewer hours last year than in 2022.
One big reason is that studios are...
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Jun 6, 2026 / Tyler Durden
Trump Says US Weighing Taking Stakes In AI Companies
Trump Says US Weighing Taking Stakes In AI Companies
Authored by Jacob Burg via The Epoch Times,
President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies.
Trump made the comment in response to a question about a recent News of the United States report, which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies.
“There’s so much money that...
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Jun 4, 2026 / Tyler Durden
UBS Warns El Nino May Intensify Food Inflation Across Asia
UBS Warns El Nino May Intensify Food Inflation Across Asia
By now, readers have a clear understanding that the Gulf-driven energy shock is on course to collide with a potential super El Niño weather event, creating what could be a dangerous second-order shock to food supply chains around the world.
The concern is that extreme heat and disrupted rainfall patterns could hit top agricultural growing belts, dent harvest output, and amplify existing supply stress. Even before those weather-driven impacts fully materialize, global food prices are already rising, suggesting that...
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