MJL Morning Briefing |
| From Matt Leonard · Monday, June 1, 2026 |
TOP STORY U.S. strikes Iranian radar, drone sites overnight; oil jumps U.S. forces bombed Iranian radar and drone sites overnight after Tehran downed a U.S. drone; Iran retaliated, Strait of Hormuz shipping tensed, and WTI crude jumped 3.4% to about $90 a barrel. Politico Playbook / NYT |
National Politics Senate GOP leaders Thune and Barrasso are short of the 50 votes to open the immigration-enforcement reconciliation bill over Trump's $1.8 billion 'anti-weaponization fund,' targeting a vote-a-rama Wednesday and passage by week's end. Punchbowl News The House's $580 billion highway reauthorization is bogging down over a proposed $130 EV registration fee and gas-tax decisions, while the Senate weighs attaching permitting reform; programs lapse Sept. 30. Punchbowl News Six-state primaries Tuesday test party establishments Voters in New Jersey, Iowa, California and three other states hold primaries June 2; Iowa's Democratic Senate race — Josh Turek vs. Zach Wahls for Joni Ernst's open seat — is a test of Schumer-backed money. Punchbowl News / Politico |
Energy Industry Pennsylvania electric utilities reset default-service 'price-to-compare' rates June 1, with changes from 0.05% to 19.8%; PJM real-time Western Hub ran about $22.10/MWh this morning with load at 84.1 GW against a 99.2 GW forecast peak. PA Environment Daily / PUC + PJM PUC public input hearings on Peoples Natural Gas's proposed 13.1% increase begin June 2, and on UGI Electric's 12.8% electric increase June 10, as Pennsylvania utilities pursue rate relief. PA Environment Daily / PUC DEP opened comment on a stormwater permit for PPL Electric's Tek Park transmission line in Upper Macungie Township, built to connect a proposed AI data center — a concrete instance of the data-center load growth straining PJM. PA Environment Daily / DEP |
Pittsburgh Sports Braxton Ashcraft struck out a career-high 11 over six innings (two runs, no walks) and Ryan O'Hearn and Nick Gonzales homered as the Pirates beat Minnesota 9-3 to complete a three-game sweep. ESPN / Post-Gazette |
Market Snapshot | PJM West Hub (RT) | $22.10/MWh | | PJM AEP-Dayton (RT) | $22.01/MWh | | PJM Capacity 27/28 | $333.44/MW-day | | Henry Hub | $3.10/MMBtu | | WTI Crude | $90.31/bbl +3.4% |
As of Jun 1, 8:09 a.m. EPT (PJM RT) |
Curated by Matt Leonard. Numbers from real endpoints only. |