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24.06.25 - 21:06
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DoE Declares U.S. Southeast Grid Emergency To Avert "Blackouts" (ZeroHedge)
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DoE Declares U.S. Southeast Grid Emergency To Avert "Blackouts"
A massive heat dome is scorching the eastern half of the U.S., triggering widespread grid stress. The week began with emergency alerts across the Mid-Atlantic, including a multi-hour blackout in New York City's Queens borough as power demand surged. Now, the Southeast grid is under similar tight conditions. The Trump administration has declared a power emergency as millions blast air conditioning.
On Tuesday morning, the Department of Energy issued an emergency order under Section 202(c) of the Federal Power Act to prevent blackouts in the Southeast U.S. amid surging demand due to extreme heat. The order allows Duke Energy Carolinas to operate fossil fuel power generators at maximum capacity from early this morning through Wednesday, overriding 'green' rules to maintain grid stability and prevent a rolling blackout.
U.S. Secretary of Energy Chris Wright released a statement on X:
"As electricity demand re...
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16.06.25 - 22:15
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Lynn Good Elected to Morgan Stanley Board of Directors (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that Lynn Good has been elected to the Company's Board of Directors, effective July 18, 2025.
Ms. Good, 66, is the former Chair, CEO and President of Duke Energy. Her appointment will bring Morgan Stanley's Board of Directors to 15 members. She will serve on the Board's Audit Committee.
Ted Pick, Chairman and CEO of Morgan Stanley, said, “We are very happy to welcome Lynn Good to our Board. As the former Chair and CEO of Duke Energy, she brings valuable strategic and management experience to the team. Lynn also has a thorough understanding of accounting and financial reporting matters. She will be a strong addition to our Board and the Firm will benefit enormously from her expertise and knowledge.”
Ray Wilkins, Chair of the Board's Governance and Sustainability Committee, said, “We warmly welcome Lynn Good as she joins our Board. We look forward to working with her and benefiting from her management and finance expertise.”
Mo...
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