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FERC Rejects ComEd's Cancellation Of $20 Billion Data Center Contract
FERC Rejects ComEd's Cancellation Of $20 Billion Data Center Contract
By Ethan Howland of UtilityDive
The Federal Energy Regulatory Commission on Tuesday rejected Commonwealth Edison’s “notice of cancellation” of a transmission security agreement, or TSA, for a 1.8-GW, $20-billion data center PowerHouse Hillwood Holding is developing in Joliet, Illinois.
In part, the contract dispute centers on the TSA’s credit support requirements. PowerHouse Hillwood contends it met the agreement’s initial credit requirements via a $1 posting, according to FERC’s decision.
The dispute is pending in the US District Court for the Northern District of...
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May 27, 2026 / Tyler Durden
US, India Sign Critical Minerals And Rare Earths Mining Pact
US, India Sign Critical Minerals And Rare Earths Mining Pact
Authored by Jill McLaughlin via The Epoch Times,
The United States and India signed a key agreement on May 26 to secure critical minerals and rare earth mining, processing, and supplies, further loosening China's grip on the global market, during Secretary of State Marco Rubio's four-day visit.
U.S. Secretary of State Marco Rubio (L) walks with India's Minister of External Affairs S. Jaishankar before their talks in New Delhi, India, on May 24, 2026. Julia Demaree Nikhinson, Pool/AP Photo
"We are two countries...
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Jun 8, 2026 / Tyler Durden
10 Enduring Lessons From Adam Smith
10 Enduring Lessons From Adam Smith
Authored by Nikolai G. Wenzel via The Daily Economy,
Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise.
A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock
In this 250th anniversary year, much ink will be spilled - and with good reason...
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Sep 2, 2026 / Tyler Durden
Qatar And UAE Turn To Rare LNG Ship Transfers As Hormuz Crisis Drags On
Qatar And UAE Turn To Rare LNG Ship Transfers As Hormuz Crisis Drags On
By Tsvetana Paraskova of OilPrice.com
Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait of Hormuz in the past month, a move that’s highly unusual for LNG cargoes but one that could raise the crippled LNG shipments from the region.
LNG traffic at the Strait of Hormuz nevertheless remains at a standstill, even though oil flows are estimated to have rebounded in recent...
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