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Power hit $2,000/MWh on PJM last Thursday

Jul 7, 2026

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3 min read

Power hit $2,000/MWh on PJM last Thursday

The Western Hub benchmark settled at $1,222.75 — nearly triple last summer's peak.

The Capital Current
The Capital Current
Microsoft is getting a 2.67 GW gas plant. Just for one campus.

Jul 6, 2026

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5 min read

Microsoft is getting a 2.67 GW gas plant. Just for one campus.

New grid hookups take five years or more. So Microsoft, Meta, and Amazon went around the grid entirely.

The Capital Current
The Capital Current
Last Chance for 4th of July Flash Sale

Jul 4, 2026

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2 min read

Last Chance for 4th of July Flash Sale

The Capital Current
The Capital Current
PJM's forecast peak could break a record set in 2006

Jul 3, 2026

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4 min read

PJM's forecast peak could break a record set in 2006

That record stood before a single AI data center existed. Servers may topple it this week.

The Capital Current
The Capital Current
Texas cut its blackout odds from 3.1% to 0.43%. I'm still not relaxed.

Jul 2, 2026

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3 min read

Texas cut its blackout odds from 3.1% to 0.43%. I'm still not relaxed.

Data center demand didn't disappear. It got pushed to the right — and the grid has to meet it when it lands.

The Capital Current
The Capital Current
Armed police at gas pumps. That's Russia right now.

Jul 1, 2026

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4 min read

Armed police at gas pumps. That's Russia right now.

Ukrainian drones hit 8 of Russia's 10 biggest refineries this year. Fifty-plus regions are rationing fuel.

The Capital Current
The Capital Current
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86 GW of new power. The crunch isn't fading.

Jul 10, 2026

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3 min read

86 GW of new power. The crunch isn't fading.

Battery storage is doubling — 15 GW last year, 24 GW this year — but AI campuses keep landing in the same few zip codes.

The Capital Current
The Capital Current
Machines just passed homes in power use. First time ever.

Jul 9, 2026

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4 min read

Machines just passed homes in power use. First time ever.

The EIA's July report puts it in plain numbers: commercial at 1,550 billion kWh, homes at 1,508 billion kWh in 2026.

The Capital Current
The Capital Current
The DOE just committed $17.5 billion to nuclear

Jul 8, 2026

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4 min read

The DOE just committed $17.5 billion to nuclear

Each partner has to put up $1 billion in equity before the government opens the vault.

The Capital Current
The Capital Current

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