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June 25, 2026

MJL Morning Briefing — Thu, Jun 25

MJL Morning Briefing
From Matt Leonard · Thursday, June 25, 2026
TOP STORY
Senate adjourns to July 13 after tense Trump lunch, then reverses its own Iran war-powers vote
The Senate left town until July 13 after a combative Trump Capitol lunch over his SAVE America Act demands, then late Wednesday flipped to kill the Iran war-powers resolution it had just passed, as Sen. Bill Cassidy reversed his vote.
Punchbowl News / Politico Playbook
National Politics
Johnson meets Trump at 2 p.m. to unfreeze a House floor stalled over the SAVE Act
Speaker Mike Johnson heads to the White House to reopen a House floor frozen by Rep. Anna Paulina Luna over the SAVE Act, a day after Trump abruptly canceled the signing of a bipartisan housing bill he warned could depress home values.
Punchbowl News / Politico Playbook
Trump's ~$88B Iran war supplemental meets bipartisan skepticism over pay-fors and riders
Republicans and Democrats panned Trump's roughly $88 billion Iran war supplemental, which pairs Pentagon costs with farm aid, Ebola funds, and divisive E15 ethanol and hemp provisions; Sen. Patty Murray called the sweeteners 'cute, but not going to work.'
Punchbowl News / Politico Playbook
Postmaster says USPS would halt mail ballots in states that won't share voter lists
Postmaster General David Steiner told lawmakers the Postal Service would restrict mail-ballot delivery in states refusing to hand over voter-eligibility lists, effectively limiting mail voting to compliant states — a flashpoint in battlegrounds like Pennsylvania.
Politico Playbook / Penn Capital-Star
PA & NJ Politics
⚡PA House passes data-center moratorium and tax-benefit bills as backlash grows
Pennsylvania's House passed two bipartisan bills Wednesday allowing six-month municipal moratoriums on new data centers and conditioning their tax benefits; a third bill ending data-center tax breaks entirely cleared Appropriations that evening and is expected to pass Thursday.
PennLive / PoliticsPA
PA may tap Rainy Day reserves to balance the budget as June 30 deadline nears
Days from the June 30 budget deadline, Pennsylvania lawmakers may have to draw on Rainy Day reserves to close a multibillion-dollar gap between rising healthcare and education costs and projected revenue, even with new options like a skill-games tax on the table.
Spotlight PA / PoliticsPA
Keystone Partnership Fund forms to pool fundraising for Fitzpatrick and Bresnahan
The new Keystone Partnership Fund has formed to combine joint fundraising for U.S. Reps. Brian Fitzpatrick and Rob Bresnahan (co-op: Claverack), two of Pennsylvania's most closely watched House Republicans heading into the 2026 cycle.
PoliticsPA
Energy Industry
⚡FERC orders PJM and peers to defend or revise tariffs for AI data-center loads
FERC's six June 18 orders give PJM and other RTOs 60 days to justify or rewrite their tariffs for large AI data-center loads, targeting co-location deals and behind-the-meter generation; PJM's real-time RTO price held near $25/MWh Thursday against a 123 GW forecast peak.
Renewable Energy World / FERC
DOE offers up to $17.5B in loans to build 10 large Westinghouse reactors
The Energy Department on June 23 offered up to $17.5 billion in low-interest loans to deploy 10 large Westinghouse reactors at five sites, with utilities including Dominion, DTE, Entergy and WEC Energy among likely bidders once each project's partners commit $1 billion in equity.
Utility Dive
TVA projects needing 7–26 GW of new gas by 2040 as AI data-center load surges
The Tennessee Valley Authority's preliminary 2026 resource plan projects needing 7 to 26 GW of new natural-gas capacity through 2040 as data-center demand outpaces its forecast — the latest sign of AI load growth reshaping utility generation buildout nationwide.
Utility Dive
Pittsburgh Sports
Pirates rout Mariners 11-1 behind Ashcraft's 10 strikeouts
The Pirates routed Seattle 11-1 Wednesday as Braxton Ashcraft struck out 10 over six one-run, walk-free innings and Endy Rodríguez drove in three — a two-run double keyed a five-run fourth — lifting Pittsburgh back to .500 at 40-40.
ESPN
Penguins head to NHL Draft with five picks and trade-up ambitions
Pittsburgh enters the NHL Draft June 26-27 in Buffalo with five selections — including the 22nd overall and two second-rounders — and an insider says the Penguins are eyeing a move up the board that would likely cost a roster player.
NHL.com / Sportsnet Pittsburgh
Market Snapshot
PJM West Hub (RT)$25.21/MWh +50.2%
PJM AEP-Dayton (RT)$24.80/MWh +50.9%
PJM Capacity 27/28$333.44/MW-day
Henry Hub$3.16/MMBtu +2.6%
WTI Crude$69.79/bbl -0.8%
As of Jun 25, 8:09 a.m. EPT (PJM RT)
Curated by Matt Leonard. Numbers from real endpoints only.
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