Watt Street: Power Bills Climb, AI Gets Charged

Companies Mentioned: Entergy, Siemens Energy, Honeywell, EnerSys, JERA, Envision, FuelCell Energy, Oracle, Brookfield, Graphic Packaging, Amcor, Dow, ExxonMobil, Google, NextEra Energy, REX American Resources, JetBio, Petrobras, Green Plains, Aemetis, Chevron, Engine No. 1, GE Vernova, Microsoft, Baker Hughes, Mitsubishi Corporation
Commodities Mentioned: Natural Gas, Power, Hydrogen, Ammonia, Nitrogen, Ethanol, Gasoline, Sustainable Aviation Fuel (SAF), Jet Fuel, Steel

1st Topic of the Week: Electricity inflation exposes why customer-paid power delivery now carries more strategic weight than cheap gas as AI load signs faster than new capacity arrives nationally.
2nd Topic of the Week: If ammonia already has buyers, logistics, and pricing, why fund clean fuel capacity without firm demand, low-cost energy, and policy that can withstand gas volatility?
Additionally, power delivery, packaging control, carbon productivity, ethanol demand access, and Gulf storage optionality are shifting transition returns before headline sustainability metrics reveal the winners.

Exhibit 1: US Electricity CPI Shows Delivered Power Inflation Beyond Domestic Feedstock Price Signals.