Regulatory moves, rate cases, capacity market shifts, and competitive supply developments across every major U.S. ISO. Curated for the people who actually trade, schedule, and manage energy portfolios.
EIA's July outlook pegs Henry Hub around $3.60 for 2026 and 2027, with 4Q26 near $3.57, about 5% under last year. Inventories ended June 6% above the five-year average and should hit 3,966 Bcf by end-October. Record Permian production keeps outrunning demand. For marketers, the cushion caps rallies and keeps a lid on the back of the curve.
Futures see-sawed and inched lower Wednesday as sizzling forecasts, choppy production and Middle East risk fought a seasonally bearish storage print to a draw. Bullish heat can't beat a comfortable inventory read. For marketers, it's still a range trade. Nothing breaks out until storage tightens or LNG pulls harder.
Sempra's Energia Costa Azul LNG plant loaded its first cargo, with U.S. feedgas moving south on the North Baja system. Total exports are pushing toward record highs as feedgas nears 20 Bcf/d and Mexico demand climbs. For marketers, that's fresh westbound pull on Permian gas and support for Waha and SoCal basis.
EIA reported an 87 Bcf injection for the week ended June 26, topping estimates and pushing stocks to 2,922 Bcf, 175 Bcf above the five-year average. Traders read it as proof supply can cover both summer heat and refills. For marketers, a loose print like this caps the front and reinforces the surplus story.
PJM said Thursday's load could top its 2006 record of 165,563 MW, and DOE ordered fossil plants to max output and cleared PJM to curtail large loads as a last resort. NYISO eyed 32,410 MW and ISO-NE 25,850 MW the same day. For suppliers, that's scarcity pricing and hedging stress right across the eastern footprint.
NYISO estimated peak demand at 32,410 MW Thursday, closing in on the 2013 record of 33,956 MW as air conditioning ran flat out statewide. The grid met the load but reserves ran thin. For suppliers serving New York, sustained peaks like this drive up wholesale costs and put balancing risk front and center.
ISO New England flagged exceptionally tight conditions for the Thursday peak near 25,850 MW, with little surplus generation for surprises. Heat to the west and north also clouded imports from New York and Quebec. For suppliers, thin reserves mean real price-spike risk and a harder scheduling job across the six states.
FERC staff issued the notice and agenda for a commission-led technical conference on PJM governance and stakeholder process reforms. It ties into the push to speed up how PJM handles capacity and large loads. For suppliers in PJM, how these rules land will shape capacity costs and the pace of market changes ahead.
FERC issued a supplemental notice for its technical conference on grid-enhancing tech, load forecasting and better market and planning software. Small tweaks here can move dispatch efficiency and interconnection speed. For suppliers, sharper forecasting and faster study processes across the RTOs could ease congestion costs over time.
Risk360 covers power scheduling, gas nominations, settlements, load forecasting, and market intelligence. 50+ years of combined energy operations experience behind every decision.
See how we work →We monitor more than two dozen sources across power and U.S. natural gas: trade publications, ISO newsrooms, regulatory filings, gas market desks, and regional energy reporters. Everything gets classified by market, scored for relevance, and analyzed through the lens of the people who actually trade power and gas.
Generic energy news doesn’t tell you what it means for your book. We filter everything through the lens of power and U.S. natural gas operations, because that’s what we do.
Every story gets read for what it means to your book. Headroom and cost stacks for power suppliers. Henry Hub, basis, storage, and LNG for gas marketers. Not general industry news. Your news.
Each article gets a sentiment score: bullish, bearish, or neutral, scored from the seat that matters. Power stories through a retail supplier lens, gas stories through a marketer lens. See what’s moving the market at a glance.
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