FERC gave six grid operators 60 days to fix tariffs for large loads above 50 MW, seeking consistent interconnection rules and cost transparency for data centers.
3m ago
Data centers account for $6.3 billion, or 38%, of PJM's recent $16.4 billion capacity auction. The grid operator's market monitor warns current rules impose costs on other customers.
55m ago
Illinois becomes first U.S. state to tax cryptocurrency transactions at 0.2%, applying even to losing trades. The law takes effect Jan. 1, expected to generate $60 million annually.
20h ago
Austin ISD's top 30 employees earned $5.9 million as the district cut $186 million from its budget, revealing administrative excess that contradicts officials' funding crisis narrative, report finds.
21h ago
Illinois public school enrollment has fallen to levels projected for 2030, driven by a 31% birth rate decline since 2007. Underutilized buildings cost taxpayers thousands more per student annually.
21h ago
Louisiana's new law requires prisons to provide inmates with state IDs, birth certificates, Social Security cards, and work records before release starting August 1, helping over 1,000 monthly releases.
22h ago
Congress's bipartisan housing bill restricts investors owning over 350 homes but won't boost homeownership, as investors will likely shift to build-to-rent properties exempt from the cap.
1d ago
Treasury data show Opportunity Zones mobilized $112 billion across 6,000 communities through 2024, reaching 77 percent of designated tracts as governors prepare new decade-long nominations.
1d ago
Basel III made bank subsidiaries safer, but holding companies shifted risk to weaker nonbank affiliates. Stress tests show recapitalization needs could exhaust buffers at exposed institutions.
1d ago
Oil-price surge in early 2026 raised fuel costs unevenly across shipping fleet, hitting older, smaller ships hardest with increases up to $266 per container on Pacific routes.
1d ago
Arizona's Supreme Court unanimously ruled Phoenix must release union negotiation records, rejecting vague "best interests" claims and reaffirming strong presumption of government transparency under state law.
1d ago
U.S. Fish and Wildlife Service ended its blanket 4(d) rule for threatened species, shifting to tailored protections that reward conservation progress with regulatory relief, following advocacy by conservation groups.
1d ago
U.S. residential electric rates rose 33% since 2019, with California and northeastern states seeing steepest increases. Low-income households face growing burden despite bills remaining historically affordable overall.
1d ago
Indiana regulators launched investigations into utility profits and expense trackers after finding AEP's subsidiary earned 12.6% returns, well above its authorized 9.85%, prompting scrutiny amid affordability concerns.
1d ago
Federal Reserve Chairman Greenspan held rates steady in 1996 despite falling unemployment, betting information technology would boost productivity. His hunch proved correct, offering potential lessons for today's AI-driven economy.
2d ago
Small civilian plane crashed into Beijing's CITIC Tower on June 26, 2026, penetrating China's vaunted air defenses. Hudson Institute analysis says incident exposed regime vulnerabilities and shattered myth of invulnerability.
2d ago
The EU's Digital Markets Act mandates Google share search data and open mobile systems, directly contradicting the Cyber Resilience Act's security requirements, creating an unresolved compliance paradox.
2d ago
Xcel Energy missed Colorado's 2025 emissions target despite $65 million spending, with actual emissions exceeding goals by 7.2 percent and meeting 2030 targets potentially costing over $1 billion annually.
2d ago
U.S. loaned Argentina $20 billion through currency swap, betting on Milei's reforms. Loan supplements $62 billion in multilateral financing as Argentina battles century-long economic decline.
2d ago
Reason Foundation report finds seven Florida cities collected 10 cents or more in fines per revenue dollar in 2023, with loopholes enabling citation-based funding despite quota bans.
2d ago
New England lost jobs and saw unemployment rise to 4.3 percent in May 2026 while inflation hit 4.2 percent, outpacing national trends, Boston Fed reports.
2d ago
Eight U.S. cities have legalized home-based storefronts called accessory commercial units, reversing zoning restrictions as remote work fuels bipartisan support for neighborhood businesses despite expected NIMBY resistance.
2d ago