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June 18, 2026

MJL Morning Briefing — Thu, Jun 18

MJL Morning Briefing
From Matt Leonard · Thursday, June 18, 2026
TOP STORY
Trump signs U.S.-Iran ceasefire MOU at Versailles
Trump signed the two-page memorandum to end the war, reopening the Strait of Hormuz, setting up a $300 billion Iran reconstruction fund the U.S. won't directly finance, and lifting Iranian oil-export sanctions, sending crude lower and U.S. gas below $4 a gallon.
NYT The Morning
National Politics
Trump pulls Clayton's DNI nomination, clearing way for Pulte
Trump abruptly halted Jay Clayton's fast-tracked confirmation and ordered him to skip Wednesday's hearing, letting Bill Pulte — who has no national-security experience — become acting director of national intelligence Friday, blindsiding Senate Republicans and deepening Trump's rift with Majority Leader John Thune.
Punchbowl News
Trump administration to pay $765M to cancel four offshore wind projects
The administration said it would pay $765 million to cancel four more offshore wind projects, extending its rollback of the U.S. offshore-wind buildout.
NYT The Morning
Fed holds rates steady at Warsh's first meeting
The Federal Reserve left interest rates unchanged after Kevin Warsh's first meeting as chairman, resisting Trump's pressure to cut, as Warsh announced five task forces aimed at reshaping the central bank.
Punchbowl News
PA & NJ Politics
F&M poll: Shapiro leads Garrity 50-28 as PA mood sours
A new Franklin & Marshall poll of 546 registered voters shows Gov. Josh Shapiro leading Treasurer Stacy Garrity 50%-28% in the governor's race, with Pennsylvanians growing markedly more pessimistic about President Trump, the economy and the federal government's direction since March.
PoliticsPA
PA House passes HB 95 requiring AI-ad disclosure
The Pennsylvania House passed House Bill 95, the Artificial Intelligence Transparency in Advertising Act, which would require clear and conspicuous disclosure whenever an advertisement is created or modified by generative AI.
ABC27
What Moved Yesterday — Your Watchlist
HB 2224 — An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, providing for return on equity; in service and facilities, further providing for billing…
(Remarks see House Journal Page ), June 17, 2026
PA General Assembly
HB 2595 — An Act amending the act of November 30, 2004 (P.L.1672, No.213), known as the Alternative Energy Portfolio Standards Act, providing for interconnection reviews.
Re-committed to RULES, June 17, 2026
PA General Assembly
HB 2650 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in tax credit and tax benefit administration, further providing for definitions; in computer data center equipment incentive…
Re-committed to RULES, June 17, 2026 [MONITOR]
PA General Assembly
What Moved Yesterday — Keyword Matches
HB 1971 — An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in restructuring of electric utility industry, further providing for definitions and providing for portable solar generation systems.
Referred to ENERGY, Oct. 28, 2025 (keywords: solar, public utilities, electric utility)
PA General Assembly
HB 2359 — An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in computer data center equipment incentive program, further providing for definitions, for application for certification…
Re-committed to RULES, June 17, 2026 (keyword: data center)
PA General Assembly
HB 2380 — An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in restructuring of electric utility industry, providing for energy storage procurement.
Re-committed to RULES, June 17, 2026 (keywords: public utilities, electric utility)
PA General Assembly
HB 2496 — An Act amending the act of July 31, 1968 (P.L.805, No.247), known as the Pennsylvania Municipalities Planning Code, in general provisions, providing for pause on data center proposals.
Re-committed to RULES, June 17, 2026 (keyword: data center)
PA General Assembly
Energy Industry
⚡PA House committee advances grid-storage, interconnection and data-center bills
Amid surging data-center load, a PA House committee advanced HB 2380 (up to 3.5 GW of grid-scale battery storage for reliability), HB 2595 (deadlines to speed clean-energy interconnection) and HB 2359 (transparency and sustainability conditions on the state data-center sales-tax credit).
PA Environment Digest
PJM issues fourth Hot Weather Alert of the season for today
PJM issued a Hot Weather Alert for June 18 across the Mid-Atlantic — Met-Ed, Penelec, PECO and PPL among the affected zones — forecasting a peak near 129.6 GW; its real-time RTO price was $45.29/MWh at 8 a.m. with load at 98.3 GW.
PA Environment Digest / PJM
⚡Kim Ward attacks Shapiro's PJM capacity price cap
Senate President Pro Tempore Kim Ward launched a video arguing Pennsylvania — PJM's largest power exporter — overpays under the roughly $325/MW-day capacity-auction price cap Gov. Shapiro secured at FERC, subsidizing Maryland and Virginia; Shapiro's office called the claims false, citing about $800 in projected four-year household savings.
The Center Square
Pittsburgh Sports
Pirates rout Athletics 12-4 behind O'Hearn's two homers
Ryan O'Hearn homered twice and drove in six runs and Marcell Ozuna added a solo shot as the Pirates routed the Athletics 12-4 in Sacramento; starter Ashcraft struck out seven over six innings for the win. Pittsburgh next plays Friday at Colorado.
ESPN
Penguins sign goalie Gauthier, forward Okuliar
The Penguins signed goaltender Taylor Gauthier to a one-year extension for 2026-27 and inked forward Oliver Okuliar to a one-year, two-way deal after acquiring him from Florida for defense prospect Emil Pieniniemi.
The Hockey News
Steelers re-sign LB Jacoby Windmon as camp nears
The Steelers signed linebacker Jacoby Windmon to a new contract, continuing to tweak their 90-man roster with training camp about six weeks away after a busy offseason.
Yardbarker
Market Snapshot
PJM West Hub (RT)$37.48/MWh +120.5%
PJM AEP-Dayton (RT)$35.16/MWh +115.2%
PJM Capacity 27/28$333.44/MW-day
Henry Hub$3.06/MMBtu
WTI Crude$75.44/bbl -1.8%
As of Jun 18, 8:08 a.m. EPT (PJM RT)
Curated by Matt Leonard. Numbers from real endpoints only.
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