Good morning. Exelon is eyeing up to $8 billion of storage while Congress weighs a bill that could shift $55 billion in grid charges to data centers.
Top Stories
EXELON EYES UP TO $8 BILLION IN REGULATED STORAGE
Utility Dive
Its utilities could invest $3 billion to $7 billion in 1.5 GW to 3.5 GW of storage, plus a proposed $1 billion, 500-MW New Jersey project.
SENATE BILL COULD SHIFT $55 BILLION IN GRID COSTS TO DATA CENTERS
TechTarget
Grid Strategies estimates the proposed legislation would generate that much in transmission charges over 10 years. PJM and MISO account for 82% of the projected annual total.
LOUISIANA MAKES DATA-CENTER TAX BREAKS INVITATION-ONLY
The Center Square
Applicants must explain how they will pay for generation and transmission without shifting costs to existing customers. The exemption can last up to 30 years.
DOE OFFERS $237 MILLION FOR DOMESTIC GRID COMPONENTS
RTO Insider
The funding opportunity targets domestic production of key equipment, including large power transformers. The money has not been awarded.
PERMITTING BILL SPLITS RENEWABLE COMPANIES FROM GREEN GROUPS
POLITICO
Wind, solar and battery companies want the Senate deal passed in 2026. Environmental groups are divided because it would also ease reviews for fossil fuel projects.
Power & Grid
CONSUMER GROUPS CHALLENGE $3.8 BILLION OF SPP PROJECTS
RTO Insider
The groups allege SPP improperly exempted nearly $3.8 billion in transmission work from competitive bidding. FERC has not ruled on the complaint.
MINNESOTA POWER SEEKS A 17.8% RATE INCREASE
Duluth News Tribune
The $134 million request would add about $24 to an average monthly residential bill. Nearly half stems from lost industrial load and coal-decommissioning costs.
TUCSON ELECTRIC SEEKS A 9.8% RATE INCREASE
AZPM
The request would add about $13.50 to an average monthly residential bill. An administrative law judge recommended 9.4%, and regulators meet Nov. 17.
DOMINION'S RATE INCREASE ADDS $137 MILLION TO QUARTERLY PROFIT
Utility Dive
Net income rose 15% to $1.16 billion.
DTE LAUNCHES A VPP ACROSS NEARLY 100 HOMES
pv magazine USA
The two-year Michigan pilot will coordinate sonnen batteries at an all-electric development with rooftop solar, geothermal heat pumps and EV chargers.
Data Centers
OPENAI EXTENDS POWER-CUT PLANS TO FUTURE U.S. CAMPUSES
Axios
The Grid Protectors framework would cover campuses OpenAI develops directly. Curtailment terms will vary by site, and the company says it will publish performance reports.
NYISO APPROVES A STATE EXEMPTION FOR LARGE-LOAD RULES
RTO Insider
The grid operator added a State Exempt Large Load category as New York prepares separate rules, then approved tariff revisions responding to FERC's show-cause order.
MICHIGAN VOTERS WEIGH A UTILITY POLITICAL-SPENDING BAN
The Guardian
Proposition 2 would bar regulated utilities and certain contractors from political contributions. Ann Arbor voters separately face a step toward a city-owned utility.
BATTERIES COULD BE DATA CENTERS' FIRST POWER MOVE
Canary Media
Georgetown and Duke researchers argue storage can cut stranded-asset risk as utilities plan more than 60 GW of gas plants for data-center demand.
BLACKSTONE RAISES $8.7 BILLION FOR GAS, GRID AND DATA CENTERS
Grist
The firm reportedly turned away another $3 billion. Private equity energy-transition funds raised $178 billion from 2021 through early 2026.
Stat of the Day
54.9 GW
Data-center capacity Dominion has under contract
More than 12 GW of that is covered by signed service agreements.
Utility Dive ↗