Julie Morgan
👤 SpeakerAppearances Over Time
Podcast Appearances
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I'm your host, Julie Morgan.
Go out and make it a great day.
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
It's good to have you here on this Friday, the 16th of January.
Energy names are moving fast on Washington headlines.
Disney resets the force at Lucasfilm.
And Jamie Dimon draws a clear line on the Fed while keeping one door cracked open.
Power producers such as Constellation Energy and Vistra, as well as NRG Energy, are on our biggest movers list this morning.
According to multiple media reports, the White House is expected to issue a directive today to propose an emergency power auction in which tech companies would bid for new plants built.
According to the Wall Street Journal, citing people familiar with the matter, under the directive...
Power grid operator PJM Interconnection will be told to hold a power auction for tech companies to bid on 15-year contracts to build new power plants.
PJM is the largest grid operator in the U.S., spanning 13 states.
Data centers built amid the AI boom have strained grid capacity and raised costs in recent power auctions.
The White House said its National Energy Dominance Council and the governors of several states, including Pennsylvania, Ohio and Virginia,
want to try to push the grid operator to take urgent steps to boost energy supply and curb price hikes.
CEG is up 1.1 percent in pre-market action after rising 3.2 percent on Thursday.
Vistra is up 2 percent after seeing a 6.6 percent increase, and NRG is up 1.8 percent after closing 5.8 percent higher.
By the way, you probably hear a beep in the back.