• TeraWulf signed a 20-year Anthropic lease at its Justified Data Campus in Hawesville, Kentucky — ~401 MW critical IT load, ~$19B of contracted revenue over the initial term, first capacity in 2H27 and full ramp by early 2028 — and sold its full 50.1% Abernathy JV stake to a Fluidstack-led group, monetizing a ~$450M investment in the 168-MW Texas campus.

• Galaxy completed Helios Phase I in West Texas, delivering 200 MW gross / 133 MW critical IT to CoreWeave on a 15-year lease; CoreWeave has now committed 526 MW across Phases I–III, with 800 MW gross approved and leases seen generating >$1B of average annual revenue. Powered land with interconnect and load rights is graduating from speculative compute to contracted AI infrastructure.

• MasTec agreed to acquire The Superior Group for $1.65B — $1.175B cash plus $475M in stock — pushing deeper into inside-the-fence electrical systems for data centers and mission-critical infrastructure.

• Superior is guided to $1.6B–$1.7B of 2026 revenue and $225M–$250M of EBITDA, extending MasTec’s reach from outside-plant construction into the switchgear and power distribution hyperscalers are racing to build.

• PJM said emergency conservation likely kept demand under its 165.6-GW all-time record, with a preliminary peak of ~162,700 MW between 5–6 p.m. July 2; follow-on peaks fell to 154,976 MW (Jul 3), 145,098 MW (Jul 4), and 134,332 MW (Jul 5) as heat and holiday load eased.

• Spot power in parts of PJM blew past $2,500/MWh versus ~$40 in normal conditions as generator outages and AC load tightened supply. Demand response is becoming capacity — and capacity is becoming a political bill.

• Germany’s Economy Ministry is drafting a state-owned strategic gas reserve of ~24 TWh — just under 10% of national storage — at an estimated €1.2B–€1.5B to build across 2027–2028 plus €150M–€180M annual operating cost, funded by a levy on gas consumers.

• Berlin is also reforming gas-fired power rules tied to a planned 12-GW tender in 2026, lifting the maximum permitted bid from €173,000 to €244,000/MW, with ~one-third of projects in the north and two-thirds in the south. Germany is still decarbonizing — but the reliability premium is now explicit.

• Trans Mountain reached a negotiated settlement with shippers after an 18-month tolling dispute, covering a “substantial majority” of contracted volumes and filed with the CER; it would lift contracted firm capacity on the 890,000 bpd system from 80% to 90%, with approval sought by Oct. 1, 2026 and a Jan. 1, 2027 effective date.

• The company will run a July 13–Aug. 10 open season for ~90,000 bpd of new capacity available by year-end, with optimization adding up to 300,000 bpd by end-2028. The concrete Canada midstream update: toll certainty, an open season, and near-term throughput upside.

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