Illustration: Natalie Peeples/Soixa
There's plenty to chew on in Venture Global's IPO filing beyond just the topline numbers.
Why it matters: The U.S. LNG exporter hopes to raise up to $2.3 billion in what would be the largest energy IPO in over a decade.
The intrigue: The SEC filing delves into risks and rewards under Trump 2.0.
It notes President-elect Trump is "widely expected" to support LNG exports and end the Biden pause on new approvals, albeit with uncertainties about what this means in practice.
The filing also acknowledges risk in Trump's trade policies. New tariffs on China — a big LNG buyer — and other countries could have an "adverse impact" on sales deals.
The big picture: Data center development in overseas markets is bullish for LNG, Venture's filing argues.
"Power generated from natural gas steam turbines offers the most cost effective and carbon efficient option for developers as data center infrastructure continues to proliferate," it states.
The bottom line: The planned IPO comes amid rising LNG demand, and the filing highlights projections of long-term growth through 2050.
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Illustration: Natalie Peeples/Soixa
Student loan borrowers impacted by the Los Angeles-area fires, a federally declared natural disaster, are eligible for temporary relief.
The big picture: The wildfires caused much devastation, destroying entire neighborhoods and displacing thousands, with more than 88,000 people still under evacuation orders Tuesday — a week after the fires began.
Illustration: Maura Losch, Lindsey Bailey/Soixa
There are practical ways to stay warm without hiking up your heating costs this season, per the U.S. Department of Energy.
Why it matters: Households that use electricity for heat could see bills climb almost 14% compared to last year, per the National Energy Assistance Directors Association.
Photo: Qian Weizhong/VCG via Getty Images
The National Weather Service plans to issue a red flag warning of critical fire weather conditions including gusty winds and low relative humidity, effective Saturday evening through Sunday afternoon, for Los Angeles and Ventura counties, the agency's LA office stated Saturday morning.
The big picture: Historic California wildfires have severely impacted these areas, and the NWS expects offshore Santa Ana winds to pick back up, with another strong offshore event occurring early next week and no rain in sight.
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