WHAT’S HAPPENING TODAY:
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WHAT → happen → ?
The MLB playoffs are kicking off today with four wild card games.
asserted
playoffs → kick → games
Maydeen, as always, will be cheering for her Los Angeles Dodgers as they set their sights on a three-peat.
asserted
they → cheer → peat
Plus, today is the last day to vote in Fat Bear Week!
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today → vote → Week
🐻🐟🗳️
- ⚡⚡Earlier this morning, Callie sat down with Entergy CEO Drew Marsh for an in depth interview on the build out of data centers, nuclear energy, and measures being taken to protect consumers from higher electricity costs.
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Callie → sit → costs
If a friend sent this to you and you’d like to sign up, click here.
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you → send → you
If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
WHO’S PAYING TO POWER A GOOGLE DATA CENTER IN ARKANSAS?
asserted
WHO → sign → ARKANSAS
In West Memphis, Arkansas, a data center project has come under fire as questions arose over how much consumers would have to pay to power the new artificial intelligence-facility, despite Google saying it would fully cover the costs.
asserted
it → come → costs
The concerns primarily stemmed from a report by the Arkansas Democrat Gazette, which claimed it had obtained documents that said Google would only pay for a third of the cost needed to construct the power plant, Cypress Solar, that would generate energy for the data center.
But according to Entergy, the utility responsible for building, owning and operating the power plant, the local paper had its math wrong.
uncertain
math → stem → plant
Drew Marsh, CEO of Entergy, told Callie this morning that Google is paying “the full amount” for the power generated at Cypress Solar that will go towards its data center.
asserted
that → tell → center
“There was some unfortunate math in there, but we got all that straightened out and corrected,” he said.
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he → be → ?
He explained that Google’s commitment to cover the power costs is a key element of the utility’s Fair Share Plus Pledge, a framework to ensure that customers are not paying to power data centers.
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customers → explain → centers
It’s important to note that while Google may be paying for its full incremental costs associated with the power plant, regular consumers are still paying for part of Cypress Solar.
uncertain
consumers → ’ → Solar
An ABC7 KATV report from late this summer revealed that Entergy bills in Arkansas increased by $5 starting in June.
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bills → reveal → June
This new charge stemmed from the Generating Arkansas Jobs Act, which allows utilities like Entergy to charge consumers for the construction of new power plants.
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utilities → stem → plants
According to the report, about a third of this new charge was expected to go towards Cypress Solar.
uncertain
third → accord → Solar
So why are consumers paying for the power plant that will generate electricity for a data center?
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that → pay → center
Because it’s not just sending electricity to the facility, Marsh explained.
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Marsh → send → facility
“The data center is paying for part of that power plant, but that power plant is for the grid overall,” Marsh told Callie.
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Marsh → pay → Callie
“So our existing customers are paying for part of it.”
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customers → exist → it
In this case, Google is “paying their fair share of all the costs associated” with powering their operations, he said, adding that the tech giant will be paying for the majority of the construction of the power plant.
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giant → pay → plant
Entergy has said Google will pay more than $2.1 billion over 20 years for the power generated at Cypress Solar.
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Google → say → Solar
“For our existing customers, Arkansas is still also growing, and so they need an additional capacity as well,” Marsh said.
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Marsh → exist → capacity
“And that’s where their portion is coming in.”
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portion → ’ → ?
Stay tuned for the entire interview with Marsh tomorrow which will be shared to the Washington Examiner’s YouTube page.
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which → stay → page
STATES TAKE THEIR OWN ACTION ON DIESEL PRICES:
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STATES → take → PRICES
A number of states have been moving ahead of the White House by taking matters into their own hands to curb record high diesel prices.
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number → move → prices
In Texas, Republican Gov. Greg Abbott yesterday
Javier Blas, an energy and commodities columnist at Bloomberg said expanding the use of dyed-diesel could save truckers in Texas about 24.4 cents per gallon in federal excise taxes, plus another 20 cents per gallon in state taxes.
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expanding → say → taxes
Republican Georgia Gov. Brian Kemp yesterday also declared a state of emergency, where he suspended the state’s fuel tax starting today and ended the state’s weight limits on commercial vehicles.
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he → declare → vehicles
The two states are following Louisiana’s lead after the state announced last week it would allow farmers and timber harvesters to use the dyed-diesel they have on hand.
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they → follow → hand
Dyed-diesel is typically reserved for off-road uses, such as farming, and generally exempt from federal fuel taxes.
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diesel → dye → taxes
What’s the White House doing?
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House → do → What
These states’ actions come as the White House is considering a number of options to address prices.
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House → come → prices
Reuters reported today that the White House is now asking the European Union to release diesel from its strategic reserves to lower global prices.
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House → report → prices
“I don’t want to get ahead of anybody, but it is a fact that the Europeans have a lot of diesel reserves,” Interior Secretary Doug Burgum told reporters.
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Burgum → want → reporters
Other actions that the administration is reportedly considering includes allowing for the broad sale of red dyed-diesel, asking refineries to limit diesel exports, and encouraging states to eliminate excise taxes on diesel.
uncertain
administration → consider → diesel
FEDERAL REGULATORS APPROVE CONSTRUCTION OF A TENNESSEE SMR:
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REGULATORS → approve → SMR
The Nuclear Regulatory Commission announced today that it approved a construction permit for the Tennessee Valley Authority to build a small modular reactor at its Clinch River site.
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Authority → announce → site
This is the second construction permit the NRC has approved for an SMR, as TerraPower received approval in March for a Wyoming reactor.
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TerraPower → approve → reactor
The permit announced today, however, is the first granted to a utility.
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permit → announce → utility
…and 32 more, not listed.
The Aporia
