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PJM Auction Procures 134,479 MW of Generation Resources

PJM Auction Procures 134,479 MW of Generation Resources Price, largely unchanged, comes in at FERC-approved cap; total capacity cleared is short of reliability standard; certain mitigating factors and expected Board action could reinforce reliability in this and future delivery years December 17, 2025 (Valley Forge, PA – Dec. 17, 2025) – PJM Interconnection today announced the results of its 2027/2028 Base Residual Auction (BRA), which secured 134,479 MW of unforced capacity generation (UCAP) and demand response (DR) to meet projected electricity needs for more than 67 million people across 13 states and the District of Columbia. Regions under the Fixed Resource Requirement (FRR) acquired an additional 11,299 MW in UCAP, for a total of 145,777 MW (UCAP) available to serve forecasted peak electricity demand, plus a reserve margin. UCAP represents a generation resource’s maximum output adjusted for its estimated ability to reliably perform at times of highest system risk. The price came ...
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Trump Media & Technology Group to Merge with TAE Technologies, a Premier Fusion Power Company, in All-Stock Transaction Valued at More Than $6 Billion

Trump Media & Technology Group to Merge with TAE Technologies, a Premier Fusion Power Company, in All-Stock Transaction Valued at More Than $6 Billion December 18, 2025 06:30 ET | Source: Trump Media & Technology Group; TAE Technologies, Inc. Combined company expects to site and commence construction of the first utility-scale fusion power plant in 2026 Fusion power to blaze path toward America’s A.I. dominance and energy security Conference call scheduled for 9 a.m. ET, December 18, 2025 SARASOTA, Fla. and FOOTHILL RANCH, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG”) and TAE Technologies, Inc. (“TAE”) today announced the signing of a definitive merger agreement to combine in an all-stock transaction valued at more than $6 billion. Upon closing, shareholders of each company will own approximately 50% of the combined company on a fully diluted equity basis. The companies have posted supplemental slides to ...
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California Resources Corporation Closes Combination with Berry Corporation

California Resources Corporation Closes Combination with Berry Corporation : LONG BEACH, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (“CRC”) today closed its all-stock combination with Berry Corporation (bry) (NASDAQ: BRY) (“Berry”). The transaction enhances CRC’s premier California portfolio of long-lived, low-decline conventional assets with significant development upside and adds strategic optionality in the Uinta basin. “CRC is entering 2026 stronger than ever, ready to build on our operational momentum and deliver meaningful synergies for our shareholders,” said Francisco Leon, CRC’s President and Chief Executive Officer. “This transaction adds high-quality assets in our core San Joaquin Basin and enhances cash flow durability and operating efficiencies as we build a stronger, more durable platform aimed to deliver sustainable shareholder value.” Mr. Leon continued, “I would like to thank the CRC, Berry and C&J employee...
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BKV Announces $100 Million Share Repurchase Program

BKV Announces $100 Million Share Repurchase Program Dec 18, 2025 7:30 AM Eastern Standard Time DENVER--( BUSINESS WIRE )--BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced that its Board of Directors has authorized a two-year share repurchase program pursuant to which the Company may repurchase from time to time up to $100 million of the Company’s outstanding common stock. The Company may repurchase shares of its common stock through open market purchases, block trades, 10b5-1 plans, or by means of privately negotiated purchases, in each case subject to compliance with the applicable provisions of federal and state securities laws and regulations. The timing and total amount of any share repurchases will be determined at the discretion of the Company’s management based on a variety of factors, including economic and market conditions, the stock price, the Company’s liquidity requirements and priorities, regulatory requirements, applicable legal requirements and othe...
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BP p.l.c. Announces Leadership Transition

BP p.l.c. Announces Leadership Transition 17 December 2025 Meg O’Neill to serve as next CEO of bp, effective 1 April 2026Murray Auchincloss steps down as CEO and director of the Board Carol Howle to serve as interim CEO BP p.l.c. (LSE and NYSE:bp) (“bp”) announces that the bp Board has appointed Meg O’Neill as bp’s next chief executive officer (“CEO”), effective 1 April 2026. Murray Auchincloss has decided to step down from his position as CEO and director of the Board, effective Thursday, 18 December. Carol Howle, current executive vice president, supply, trading & shipping of bp, will serve as interim CEO until Meg joins as CEO. Murray will serve in an advisory role until December 2026 to ensure a smooth transition. Meg currently serves as CEO of Woodside Energy. Since her appointment as CEO in 2021, Meg O’Neill has grown Woodside Energy into the largest energy company listed on the Australian Securities Exchange. Among her many accomplishments at Woodside Energy, she oversaw the...
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Tricrest Management Closes Second Upstream Fund Focused on Direct Investments

Tricrest Management Closes Second Upstream Fund Focused on Direct Investments Dec 17, 2025 4:00 PM Eastern Standard Time DALLAS--( BUSINESS WIRE )-- Tricrest Management LLC (“Tricrest”), formerly known as Cresta Investment Group, today announced the closing of its second energy fund (“Fund II”), exceeding its target and bringing the firm’s total capital commitments to more than $440 million. Fund II represents Tricrest’s third investment vehicle and will focus on direct upstream investments across the continental United States. “We are firm believers that success is built on trust and alignment, and we are deeply grateful for our partners’ continued support and the partnerships we have established across the industry,” said Edward Banner III, Founder and Managing Partner of Tricrest. “We look forward to building on the momentum of our prior funds and are encouraged by the current investment environment, which continues to present compelling opportunities to create value for our partn...
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Hut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack

Hut 8 Announces AI Infrastructure Partnership with Anthropic and Fluidstack MIAMI, FL, December 17, 2025 – Hut 8 Corp. (Nasdaq, TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases, today announced a partnership with Anthropic and Fluidstack to accelerate the deployment of hyperscale AI infrastructure in the United States. As part of the partnership, Hut 8 will develop and deliver at least 245 megawatts (MW) and up to 2,295 MW of AI data center infrastructure for Anthropic, leveraging high-performance clusters operated by Fluidstack. The partnership is structured across several tranches that together establish a path to deploy at least 245 MW and up to 2,295 MW of utility capacity:Tranche 1: The partnership will launch at the Company’s River Bend campus (“River Bend”) in Louisiana, where Hut 8 and Fluidstack will develop an initial 245 MW of IT capaci...
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