• FERC issued tailored Section 206 show-cause orders to PJM, MISO, SPP, CAISO, ISO-NE and NYISO. Each has 60 days to defend its large-load tariffs or file reforms, plus a 30-day report on keeping enough generation online to serve those loads.

• This isn’t one national rule. After 3,500+ pages of comments, FERC teed up five reform lanes but wrote a separate order per market — regulator-speak for “the fight over who pays happens six times.”

• Marubeni acquired all of EagleRidge Energy II, making the Barnett producer a wholly owned subsidiary with ~170 MMcfe/d of gas and NGLs — which it equates to ~1.3 mtpa of LNG, or about 19 cargoes a year.

• The buyer named its thesis out loud: AI power demand, rising Texas gas burn, and Gulf Coast LNG pull. It plugs gas near Dallas into Marubeni’s MIECO desk and global LNG book; price undisclosed, funded from the ¥200B GC2027 budget.

• Elementl is pursuing up to 1.5 GW in Meigs County, signed an Early Works Agreement with GE Vernova Hitachi for the 300-MW BWRX-300, and is buying the ~700-acre Letart Township site (~100 mi SE of Columbus) from American Municipal Power.

• It filed a 600-MW PJM request (response expected later in 2026), targets 2030 construction and 2034 completion, and will privately finance the plant rather than bill ratepayers — subject to FID, NRC and Ohio Power Siting Board approvals.

• Frontier committed another $915M to permanent carbon removal — lifting total commitments to $1.8B, with Stripe, Google, Shopify, Salesforce, H&M Group and Anthropic in the coalition — concentrated in ~10–15 projects on 8-to-10-year offtakes, some running to 2040.

• The new entry rule is the story: every deal now needs a path to durable demand from compliance markets, industrial regulation or government procurement — not just voluntary buyers. (Seven companies delivered ~23K tons in 2025, ~2x prior; 2026 forecast tops 50K.)

• The U.S. Office of Strategic Capital extended a conditional 20-year, up-to-$725M loan to fund White Mesa Mill expansion in Utah plus a planned domestic rare-earth metals and alloys facility.

• It’s a commitment, not cash — still subject to diligence, definitive docs and closing — but it pairs with the planned Australian Strategic Materials buy, whose South Korean metal-and-alloy plants would give Energy Fuels the back half of the chain.

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