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July 24, 2026

MJL Morning Briefing — Fri, Jul 24

MJL Morning Briefing
From Matt Leonard · Friday, July 24, 2026
TOP STORY
⚡Data centers drove $6.3B of PJM's latest capacity auction costs
Data centers accounted for $6.3 billion — 38% — of the $16.4 billion in charges from PJM's latest capacity auction, and $29.4 billion across the last four auctions, market monitor Joseph Bowring said, urging that data-center load be pulled into a separate auction.
Utility Dive
Energy Industry
⚡PA Consumer Advocate tells FERC it's failing to shield PJM ratepayers from data-center costs
Pennsylvania's Office of Consumer Advocate, joined by Delaware, Illinois, Maryland and Ohio advocates, told FERC on July 17 that its 'show cause' order to PJM and five other grid operators fails to fix how data-center-driven transmission upgrade costs get allocated to existing customers.
Utility Dive
GE Vernova's gas-turbine backlog hits 116 GW
GE Vernova's natural-gas turbine order backlog has swelled to about 116 GW with multiyear delivery delays, a supply-chain squeeze on new gas capacity as PJM real-time demand ran near 89.6 GW Friday morning.
Utility Dive
Trump to unveil 'American nuclear innovation' plan Friday
President Trump is scheduled to announce new steps on American nuclear innovation at the White House at 3 p.m. Friday, Punchbowl News reported; details were not disclosed ahead of the event.
Punchbowl News
PA & NJ Politics
⚡Shapiro drafted data-center 'accountability' standards with Amazon's input, records show
Top Shapiro administration aides drafted the governor's promised data-center accountability framework with input from Amazon and the data-center lobby, sharing early drafts with company officials before releasing them publicly, the Philadelphia Inquirer reported.
Philadelphia Inquirer
PA House passes felony-murder sentencing reform, but Legislature will miss court deadline
The PA House narrowly passed a bill revising the state's felony-murder sentencing law hours before a court-imposed Friday deadline, but it differs from the Senate's June version, so the Legislature will miss the state Supreme Court's deadline; roughly 1,100 incarcerated people could be affected.
Tribune-Review
Shapiro joins two-dozen-state suit over Trump grant conditions
Gov. Josh Shapiro joined more than two dozen states suing the Trump administration over election- and immigration-related conditions attached to billions in federal grant money owed to the states, the Penn Capital-Star reported.
Penn Capital-Star
PA insurers seek double-digit 2027 ACA rate hikes
Pennsylvania health insurers are requesting double-digit percentage premium increases on the state's Affordable Care Act exchange for 2027 as enhanced federal subsidies expire, PennLive reported.
PennLive
PA General Assembly -- Floor & Committee (yesterday)
House Floor Session
Floor session
PA General Assembly
On the Floor — Next Session
HB 1667 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in sales and use tax, further providing for exclusions from tax; in corporate net income tax, further providing for…
House · Bill On Concurrence (keywords: data center, data centers)
PA General Assembly
SB 1345 — An Act amending the act of July 31, 1968 (P.L.805, No.247), known as the Pennsylvania Municipalities Planning Code, in zoning, providing for optional temporary moratorium on acceptance or consideration of new…
Senate · Third Consideration (keywords: data center, data centers)
PA General Assembly
National Politics
Trump replaces expired tariffs with new levies on 80+ countries
As the administration's 10% global tariffs expired at midnight, Trump imposed new roughly 10%-to-12.5% levies on goods from more than 80 countries — a workaround after the Supreme Court struck the original regime — adding to economic strain alongside the Iran war.
Politico Playbook
Iran war escalation rattles oil and markets
U.S. forces struck Iranian targets for a 13th straight night and Iran-backed Houthis attacked two Saudi tankers in the Red Sea, sending oil prices sharply higher Thursday and pushing stocks lower, the New York Times reported.
The New York Times
Senate opens two-week sprint on nominations and sanctions
The Senate returns for a pre-recess sprint centered on Cabinet nominations — a Monday procedural vote on DNI pick Jay Clayton and a Thursday Judiciary vote on AG nominee Todd Blanche — plus a Russia-Iran sanctions package, a possible stopgap funding bill and FISA Section 702 reauthorization.
Punchbowl News
Pittsburgh Sports
Pirates shut out by Yankees, fall to 53-50
The Pirates were blanked 2-0 by the Yankees on Wednesday to drop to 53-50, one game back in the NL wild-card race; they open a homestand against the Cubs on Friday night.
ESPN
Penguins miss out as Jason Robertson signs with Dallas
The Penguins' summer-long pursuit of forward Jason Robertson ended Wednesday when he signed with the Dallas Stars, closing one of Pittsburgh's marquee offseason storylines.
Yahoo Sports
Market Snapshot
PJM West Hub (RT)$29.49/MWh
PJM AEP-Dayton (RT)$28.28/MWh -38.5%
PJM Capacity 28/29$325.00/MW-day
Henry Hub$2.80/MMBtu +1.8%
WTI Crude$89.28/bbl -3.1%
As of Jul 24, 8:08 a.m. EPT (PJM RT)
Curated by Matt Leonard. Numbers from real endpoints only.
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