MJL Morning Briefing | | From Matt Leonard · Wednesday, July 15, 2026 | TOP STORY PJM's 2028/2029 Base Residual Auction procured 138,318 MW at the $325/MW-day price cap — down 2.5% from 27/28's $333.44 — and fell 6,831 MW short of its reliability requirement, holding a 14.7% reserve margin as PJM forecast a 164,078 MW peak for today. PJM Inside Lines | Energy Industry HB 1924, signed July 12, lets the PA PUC review and validate the load forecasts utilities submit to PJM and fines data centers $10,000 a day for missing energy reports — a transparency push from Senate Environmental Resources & Energy Chair Gene Yaw (co-op: Claverack, Sullivan County, Tri-County). Utility Dive Talen Energy said it cleared 10,180 MW at $325/MW-day in the 2028/2029 auction, projecting roughly $1,208 million in capacity revenues for the June 2028–May 2029 planning year. Talen Energy (GlobeNewswire) | PA & NJ Politics President Trump speaks at 3:15 p.m. today at the U.S. Army War College, closing the two-day Pennsylvania Defense and Innovation Summit hosted by Sen. Dave McCormick (co-op: statewide — all 13 PA member co-ops), where he is expected to unveil defense-innovation investments. PoliticsPA / AP Spotlight PA reports the budget passed Sunday balances through a "cycle roll" delaying two months of Medicaid managed-care payments worth about $1.3 billion each, plus more than $500 million pulled from off-budget special funds, leaving the structural deficit untouched. Spotlight PA DeSantis campaigns in Philadelphia for Garrity Florida Gov. Ron DeSantis headlined a Tuesday fundraiser for PA GOP gubernatorial nominee Stacy Garrity in Philadelphia, putting a high-profile national Republican in Gov. Josh Shapiro's backyard ahead of November. PoliticsPA / Washington Examiner | On the Floor — Next Session House · Bill On Concurrence (keywords: data center, data centers) PA General Assembly Senate · Third Consideration (keywords: data center, data centers) PA General Assembly | National Politics House Republicans mark up a budget resolution Thursday for a reconciliation package built around roughly $67 billion in new Pentagon funding and $11 billion for agriculture, with floor action expected next week alongside the NDAA. Punchbowl News Darline Graham becomes South Carolina's first woman senator Darline Graham, who succeeds her late brother Lindsey Graham after his death Sunday, was seated roughly 48 hours later and could cast an early vote on acting AG Todd Blanche's nomination. Politico Playbook Blanche faces Senate Judiciary on AG nomination today Acting AG Todd Blanche will tell senators "I am here today to earn your trust once again," as Sen. Thom Tillis (R-N.C.) says the Justice Department's Anti-Weaponization Fund "has got to go." Politico Playbook | Pittsburgh Sports The AL shut out the NL 4-0 in Philadelphia with Cody Bellinger named MVP; Pirates All-Stars Paul Skenes and Braxton Ashcraft were both ineligible to pitch after weekend starts, leaving Pittsburgh (50-47, two games out of the last wild card) unrepresented on the field. MLB.com Pittsburgh signed the 24-year-old forward to a two-year, $6.5 million contract ($3.25 million AAV) on Tuesday, avoiding arbitration two weeks after acquiring him from Toronto for a 2028 fourth-round pick. NHL.com Rookie QB Drew Allar still has not signed his rookie deal and CB Joey Porter Jr.'s extension talks are expected to run into August, with the Post-Gazette's Ray Fittipaldo reporting no trades before training camp. Steeler Nation | Market Snapshot | PJM West Hub (RT) | $32.64/MWh +46.3% | | PJM AEP-Dayton (RT) | $31.74/MWh +43.8% | | PJM Capacity 27/28 | $333.44/MW-day | | Henry Hub | $3.29/MMBtu -1.5% | | WTI Crude | $79.79/bbl +0.6% |
As of Jul 15, 9:02 a.m. EPT (PJM RT) | Curated by Matt Leonard. Numbers from real endpoints only. |
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