November 5, 2024
The World is smoldering:
What Is the Electoral College and How Does It Work?
https://www.wsj.com/politics/elections/electoral-college-election-2024-e7c45ff6?mod=latest_headlines
A candidate needs 270 electoral votes to win the presidential election, and just getting the most support from voters isn’t enough
When Americans cast their votes for president, they aren’t voting directly for former President Donald Trump or Vice President Kamala Harris, but for their preferred candidate’s slate of electors, who are chosen by political parties in each state. And almost all states are winner take all, meaning whether a candidate wins a race by one vote or a million, they get the electoral votes.
That sets up the possibility—particularly in a close race like this year—that the winner of the popular vote doesn’t win the presidency.
How many electoral votes are there?
The number of electors for each state is equal to the size of that state’s congressional delegation, so more populous states have more electors. California has the most, with 54. At the low end, several states including Wyoming and Delaware have just three. Washington, D.C., which doesn’t have voting representation in Congress, has three electoral votes as well. In all, there are 538 electoral votes.
Nuclear Energy’s AI Boom Blew a Fuse—Here’s What Could Happen Next
https://www.wsj.com/business/energy-oil/nuclear-energys-ai-boom-blew-a-fuseheres-what-could-happen-next-aecb9724?mod=latest_headlines
Owners of nuclear power plants had been riding high on hopes that they could sign lucrative contracts with tech companies to sell always-available power. A ruling from the Federal Energy Regulatory Commission won’t extinguish those prospects, but does throw a bit of cold water on them.
Late on Friday, the Federal Energy Regulatory Commission rejected Talen Energy’s TLN -2.23%decrease; red down pointing triangle request to increase the amount of power that it could provide directly from its existing Susquehanna nuclear power plant to Amazon’s data center from 300 megawatts to 480 MW. That hamstrings Talen’s ability to step up the amount of power it sells directly to Amazon, whose co-located data center has a potential capacity of up to 960 MW.
By denying Talen’s revised agreement, FERC is emphasizing that it would “continue to prioritize grid reliability and existing stakeholders over rapid load growth and new power market entrants,” renewable energy-focused financial service firm Karbone wrote in a note to clients.
CONTACT
222 South Riverside Plaza, Suite 1200
Chicago IL, 60606
P. (800) 367-3349
fig@rjobrien.com
© 2024 R.J. O'Brien & Associates LLC. | Site by :: kirkgroup
Futures trading involves the substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.