NAT GAS Bearish
EIA sees record 122.5 Bcf/d of US gas output this year
EIA's August outlook has US marketed gas production averaging a record 122.5 Bcf/d in 2026, up 4% from last year, with the Permian and Haynesville doing most of the lifting. It pegs Henry Hub at $3.44 for the year, down 2%, as all that supply keeps a lid on price. For marketers, record output is the wall the front keeps running into, and Permian associated gas rising with oil drilling means it isn't going away.
EIA Today in Energy · Aug 12, 2026
PJM Neutral Regulatory
PJM weighs ride-through rules after 3.8 GW of data center load tripped offline
After about 3,800 MW of data center load tripped offline in northern Virginia on July 22, the biggest such event in PJM's history, PJM is weighing ride-through standards to keep computational loads from dropping on a normally cleared fault. Staff say data centers are too sensitive to voltage and disconnect too early, swinging generation and load. NERC has a FERC deadline of Dec. 31 to set initial rules for these loads but won't touch ride-through until next year, and PJM wants the rules in place before the load shows up.
Utility Dive · FERC · Aug 12, 2026
NAT GAS Bearish
EIA cuts its Henry Hub outlook to $2.87 on record output and fat storage
EIA's August Short-Term Energy Outlook trimmed its 3Q26 Henry Hub forecast by 50 cents to $2.87/MMBtu, pinning it on record production and softer LNG feedgas demand while Freeport sits down for maintenance into late August. It now sees storage hitting a record 3,985 Bcf by the end of October, about 5% above the five-year average and the fattest cushion heading into winter since 2016. For marketers, that's a lot of gas in the ground and prices stuck under $3 until November, so the front stays heavy.
EIA Short-Term Energy Outlook · Aug 11, 2026
ISO-NE Neutral
ISO-NE's 2026 outlook maps rising demand against a retiring fleet
ISO New England's 2026 Regional Electricity Outlook lays out how the region plans to keep the lights on through fast change: demand climbing on electrification and large loads, aging plants retiring, and more weather-dependent supply filling in. It leans on graphics and plain language, not new market rules. For suppliers it's a useful read on where reliability and energy adequacy risk is heading, even if it doesn't move prices today.
ISO Newswire · Aug 11, 2026
PJM NAT GAS Bullish
PPL-Blackstone venture locks up 5 GW of gas turbines for Pennsylvania data centers
PPL's Blackstone joint venture, Invitium, has reserved more than 5 GW of combined-cycle gas turbines to feed Pennsylvania data centers, on sites that could hold 14 GW. PPL's CEO says bilateral contracts, not PJM's September backstop auction, will be the main way this new generation gets built. More gas-fired load in PJM means more call on gas, so this leans bullish for the molecule.
Utility Dive · Aug 10, 2026
ERCOT NAT GAS Bullish
Vistra backs the Texas data center pause and wants ERCOT's queue culled
Vistra supports Abbott's pause and says its 1.2 GW Comanche Peak deal with Amazon still energizes in 2027. Executives say large-load customers see a rising price environment and want to lock in both energy and capacity, not energy-only. Vistra's generation EBITDA jumped to $994 million on realized prices about 5% higher than a year ago, and it now pegs ERCOT load growth at 4% to 6%.
Utility Dive · Aug 10, 2026
PJM NAT GAS Bullish
Gas takes nearly half of PJM's first reformed interconnection queue
Natural gas leads the first cycle of PJM's new first-ready, first-served study process at 99.8 GW across 147 projects, nearly half of the 201.5 GW that qualified, with storage second at 60 GW. It's a sharp flip from three years ago, when 90% of the queue was solar, wind and storage and most of it never got built. For gas marketers it's a long line of new PJM gas-fired demand getting in position, though PJM's own record shows most queue projects don't get built and turbines and permitting are the real bottlenecks.
Inside Climate News · Aug 8, 2026
ISO-NE Bullish
New England wholesale power prices climbed in June
ISO-NE's monthly report shows wholesale prices rose in both the day-ahead and real-time markets in June, tracking higher demand and firmer gas. It's the kind of month-over-month move that shows up fast in supplier cost stacks. For New England REPs, June's step-up is a reminder that gas-driven price risk didn't go anywhere heading into peak summer.
ISO Newswire · Aug 7, 2026
Bearish
US battery storage hits 52 GW as the buildout keeps running near 70% a year
EIA says utility-scale battery capacity grew about 70% a year over the last three years, reaching 43.6 GW at the end of 2025 and nearly 52 GW by mid-2026, with another 14 GW due by year end. Batteries soak up cheap midday power and dump it back into the peak, which is exactly when prices spike. For suppliers, every gigawatt of storage added is more flexibility shaving the top off peak prices.
EIA Today in Energy · Aug 7, 2026
ERCOT NAT GAS Neutral
Constellation CEO says existing plants, not new builds, carry the early data center load
Dominguez frames the data center buildout as a peak-hour problem to solve with batteries and demand response, not a reason to wait on new plants. He expects ERCOT's soft wholesale prices to firm up once data centers actually show up and the market tightens. Constellation also sold its 606-MW gas-fired Brazos Valley plant in Texas to LS Power for $860 million, a sign buyers still pay up for gas assets.
Utility Dive · Aug 7, 2026
ERCOT NAT GAS Neutral Regulatory
Texas senators float gas build minimums as renewables dominate ERCOT's queue
With solar and storage now 70% of ERCOT's 460 GW interconnection queue and gas under 17%, Republican state senators asked whether Texas should mandate a minimum share of dispatchable gas instead of letting the market decide. ERCOT CEO Pablo Vegas warned that if renewables keep dominating additions while load climbs, the state could see scarcity events in two to three years. Nothing's decided, but any move to prop up gas economics in ERCOT would reshape what suppliers and gas marketers end up paying.
Inside Climate News · Aug 6, 2026
ERCOT NAT GAS Bullish
NRG nears a 1.2 GW customer-backed gas plant deal in Texas
NRG says it's close to terms with an unnamed hyperscaler to build a 1.2 GW combined-cycle gas plant in Texas, with the customer backing more than 95% of the cash flow through capacity payments and an option to double it to 2.4 GW. It's a "bring your own power" deal, so the load pays for the new generation instead of leaning on the grid. For suppliers that's customer-funded capacity and headroom in ERCOT, and for gas marketers it's another big block of firm Texas gas demand getting locked in, even with the state's data center pause hanging over the timeline.
Utility Dive · Aug 6, 2026
ERCOT Bearish Regulatory
BNEF: Texas pause puts 20% of the US data center pipeline at delay risk
Bloomberg NEF figures Texas's data center pause puts about 20% of the US project pipeline, roughly 49.8 GW, at risk of delay, with up to $8 billion of data center revenue on the line by early 2027. The audit weeds out speculative load before it hits the grid, and BNEF still sees ERCOT data center capacity topping 17 GW by 2030. For suppliers, slower and better-vetted large-load growth takes some air out of the runaway demand forecasts and protects headroom, even though the real projects still point to a much bigger ERCOT down the road.
Utility Dive · Aug 6, 2026
NAT GAS Neutral
EIA's 33 Bcf build lifts gas storage to 3,117 Bcf
EIA reported a 33 Bcf injection for the week ended July 31, pushing Lower 48 stocks to 3,117 Bcf. That's still about 6% above the five-year average, but the build ran under the normal seasonal pace as heat kept power burn high. For marketers, another lean injection trims the surplus and keeps a floor under the front, even with plenty of gas in the ground.
EIA Weekly Natural Gas Storage Report · Aug 6, 2026
ISO-NE Neutral Regulatory
ISO-NE proposes tweaks to its day-ahead reserves market to cut costs
ISO New England is proposing adjustments to its Day-Ahead Ancillary Services market, the design that pays resources to be on call when the grid gets tight, to make it more cost-effective. The market is meant to lock in reliability by making sure supply shows up on stressed days. For suppliers, how ancillary services clear feeds straight into the cost stack, so it's worth watching what ISO-NE decides to pay for reserves.
ISO Newswire · Aug 6, 2026
NAT GAS NYISO Neutral
US-Canada gas and power trade value rose in 2025 even as total energy trade fell
EIA says the value of natural gas and electricity trade with Canada ticked up in 2025 on higher gas prices and volume, even though total US-Canada energy trade fell 11% to $137 billion. Gas imports from Canada averaged 8.6 Bcf/d, and their value jumped 52% year on year. For marketers and Northeast suppliers, it's a reminder that Canadian gas and the new Champlain Hudson line into New York City still shape prices in the region, and energy trade sits exempt from the latest tariffs.
EIA Today in Energy · Aug 5, 2026
NYISO Neutral Regulatory
New York lawmakers grill utilities over who pays for data center growth
A New York Assembly Energy Committee hearing dug into who should cover the grid upgrades behind AI and crypto data center load, with NYISO's Zach Smith calling the grid at an inflection point and the state possibly short 1,600 MW by 2030. NYISO's interconnection queue holds 36 large-load projects worth more than 10,000 MW. For suppliers, a proposed data center customer class and beneficiary-pays rules could keep big-load costs off residential customers, but nothing's settled and wholesale price risk stays in play.
News10 (Albany) · Aug 5, 2026