Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants
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Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants

By Robert Walton of UtilityDive

The Trump administration approved 76 coal-related permits in more than a year of efforts to revive the flagging fuel and execute an agenda of “energy dominance.” His latest attempt includes tapping Defense Production Act funding to expand the industry.

“Last year we prevented 17 GW of coal-powered electricity from going offline. That’s enough power for about 13 million homes, and at a very low price. It’s the lowest price,” Trump said of coal resources.

But critics say the opposite is true. “This move, along with the President blocking the retirement of old coal plants that are too costly to operate, is making most Americans poorer,” Jenkins said. “This is a total misuse of the Defense Production Act, a giant giftwrapped payout to subsidize and prop up a flailing industry that can no longer compete in the free market.”

The coal funding is “another example of Trump ignoring the affordability crisis,” Tyson Slocum, director of Public Citizen’s energy program, said in a statement. “Abusing emergency authorities to justify subsidies for coal is a waste of taxpayer dollars and a clear giveaway to an absurdly outdated, expensive and dirty fossil fuel.”

DOE said it plans to use up to $425 million in Defense Production Act Title III funds to support a dozen coal-plant projects and $75 million for the West Gateway Terminal Project, to operate a rail-served marine export terminal. The coal projects include:

  • $19 million for Arizona Electric Power Cooperative to modernize and extend the operating life the Apache Generating Station near Cochise, Arizona;
  • $33 million for Duke Energy Kentucky to boost generating capacity at its East Bend Station in Boone County, Kentucky;
  • $22.5 million for Oklahoma Gas and Electric’s Sooner DCS Modernization Project near Red Rock, Oklahoma, to modernize the facility’s distributed control system to maintain reliability and improve efficiency; and,
  • $46.3 million for Tennessee Valley Authority to revitalize its Cumberland Fossil Plant in Stewart County, Tennessee, to meet regional demands for dispatchable power.

The West Gateway Terminal Project “will support continued growth in U.S. coal exports, improve supply chain resilience, and strengthen energy partnerships with allies throughout the Indo-Pacific region,” DOE Under Secretary of Energy Kyle Haustveit said in a statement.

In a separate announcement, DOE said four projects will receive up to $350 million under the agency’s “Restoring Reliability: Coal Recommissioning and Modernization” initiative, to add or preserve roughly 3.6 GW of coal-fired capacity.

Apache Generating Station near Cochise, Arizona;

Along with almost 3 GW of new capacity split between Alaska and West Virginia, DOE announced funding for a project in Guayama, Puerto Rico, to retrofit and modernize an existing 510-MW coal-fired plant, and another project in Cumberland, Maryland, to recommission a 205-MW facility that ceased operations in 2024.

The Anchorage plant will have 1.25 GW of new coal capacity and the West Virginia Energy Campus project will offer 1.6 GW, according to a fact sheet from DOE. They would be the first new U.S. plants to come online since 2013, Trump said.

Also Thursday, U.S. Secretary of Energy Chris Wright issued an emergency order directing the Orlando Utilities Commission to ensure that Unit 1 at the coal-fired Stanton Energy Center near Orlando, Florida, remains available to operate. The unit was slated to enter a premature extended cold shutdown this month. The order is effective through Sept. 1. 

“Americans are upset about high electricity prices,” Wright said at the White House event. “Blame closing existing, reliable, secure plants, and replacing them with subsidized, unreliable plants — a gauranteed way to drive electricity prices up.”

But critics say coal plants are expensive to operate and the administration’s efforts are driving U.S. power bills higher. In March, the Sierra Club published analysis showing the Trump administration’s emergency orders to keep six retiring fossil-fueled power plants online have cost ratepayers more than $230 million.

More emergency orders have been issued since the Sierra Club analysis. Coal supporters, however, say the resources are essential and Trump’s investments will help maintain power grid reliability.

“Coal is a critical part of America’s energy security,” America’s Power President and CEO Michelle Bloodworth said in a statement. The group represents the U.S. coal sector.

“The United States has approximately 400 years of domestic coal reserves, making it one of the most fuel-secure energy sources available,” Bloodworth said.

Tyler Durden Sun, 06/07/2026 - 18:40
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Former Musk Adviser Sriram Krishnan Leaving White House AI Role
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Former Musk Adviser Sriram Krishnan Leaving White House AI Role

Authored by Tom Gantert via The Epoch Times,

Senior White House policy adviser on artificial intelligence Sriram Krishnan, a former Twitter executive who advised Elon Musk during his acquisition of the social media platform, announced Saturday he will leave his role at the end of June.

U.S. President Donald Trump hands a pen to Senior White House Policy Advisor on Artificial Intelligence Sriram Krishnan after signing an executive order while U.S. Sen. Ted Cruz (R-Texas) (2nd L) and Commerce Secretary Howard Lutnick look on in the Oval Office of the White House in Washington, DC, on Dec. 11, 2025. Alex Wong/Getty Images

In a social media post, Krishnan described serving the American people as "the privilege of a lifetime" and thanked President Donald Trump for the opportunity.

"Without his leadership, we would not be leading in the AI race," Krishnan wrote.

Krishnan also thanked David Sacks, saying he had worked most closely with him over the past 18 months and praising his advocacy for American leadership in artificial intelligence.

Among the accomplishments Krishnan said he was most proud of were helping architect and publish the American AI Action Plan, advancing AI acceleration partnerships, helping develop the National AI Policy Framework for AI executive order, and advocating for the American AI technology sector with allies around the world.

Looking ahead, Krishnan said the United States and its allies face challenges involving energy, data centers, and expanding access to artificial intelligence technologies.

"I plan on building institutions that help tackle some of those challenges for America and its allies," he wrote.

Krishnan also thanked numerous administration officials and others for their support, including Vice President JD Vance, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Secretary of State Marco Rubio, White House Chief of Staff Susie Wiles, Elon Musk, and others.

Krishnan leaves as opposition to AI data centers has grown rapidly across the country as projects expand into communities.

According to Data Center Watch, an estimated $152 billion in potential data center investment was blocked or delayed in 2025. Hundreds of activist groups in 42 states organized to oppose new projects or expansions. Critics cite concerns over water consumption, electricity demand, noise, and the lack of long-term studies on health and environmental impacts. There are more than 3,100 data centers in the United States, according to the Data Center Map. There are another 1,800 data centers in some state of development.

Trump announced Krishnan was joining the White House as an adviser in December 2024.

"Sriram Krishnan will serve as Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy," the president said at that time. "Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in A.I., and help shape and coordinate A.I. policy across Government, including working with the President's Council of Advisors on Science and Technology. Sriram started his career at Microsoft as a founding member of Windows Azure."

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FBI Fires Analysts Who Drafted Controversial Anti-Catholic Memo
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FBI Fires Analysts Who Drafted Controversial Anti-Catholic Memo

Via Headline USA,

Several FBI analysts who drafted a 2023 memo that cited Southern Poverty Law Center information to justify targeting “radical-traditionalist Catholics” as potential violent domestic extremists were fired Friday, according to their lawyer, the latest wave of terminations under the leadership of its director Kash Patel.

The fired employees included four intelligence analysts and a supervisory analyst. The FBI declined to comment.

The January 2023 intelligence product produced by analysts in the FBI’s Richmond, Virginia, field office emerged as a political flashpoint after it was issued, with Republicans in Congress repeatedly citing it as part of their broader contention that the FBI during the Biden administration was targeting conservatives.

The FBI quickly backtracked from the memo at the time, saying it had been drafted in error. Then-director Chris Wray repeatedly denied that charge and the FBI has said the document was quickly retracted and an internal review was launched. Merrick Garland, the attorney general under President Joe Biden, has said he was “appalled” by the memo.

As Headline USA exclusively revealed in April 2024, the FBI’s troubling memo was crafted by analysts involved in an investigation into a schizophrenic man who began attending a traditional Catholic church in early 2022. That schizophrenic man, 24-year-old Xavier Lopez, was arrested in November 2022 on a slew of domestic extremism-related charges. His mental health diagnosis was revealed during criminal proceedings.

According to records from his case, Lopez was on law enforcement’s radar since September 2018, when he attempted suicide. Lopez was 18 years old at the time. The FBI opened an assessment into Lopez about a year later after he allegedly made online statements advocating civil war and the murder of politicians.

Law enforcement continued to monitor Lopez—including while he served a stint in jail for felony vandalism—into early 2022, when he began attending Our Lady of Fatima Catholic Chapel in Richmond, Virginia. Our Lady of Fatima is one of the Catholic chapel’s listed in the FBI’s memo.

Shortly after Lopez started attending Our Lady of Fatima, the FBI decided to run an informant at him inside the church.

Infiltrating a Catholic church with an informant was supposedly necessary because “the only times [Lopez] left the house alone were to attend events at [Our Lady of Fatima Catholic Chapel] and it therefore provided the only potential opportunity for [an informant] to establish regular contact with him,” a 2024 DOJ Inspector General’s report said.

The FBI insisted that the informant was only used to monitor Lopez—and wasn’t used against any of the church’s other members, according to the DOJ-IG report.

The existence of the FBI informant is not disclosed in any of Lopez’s criminal records.

Lopez was arrested in November 2022 on a slew of state charges, including prohibited paramilitary activity, soliciting someone for a terrorist act and possessing firearms as a felon.

After his arrest, an FBI analyst with knowledge of the investigation worked with another analyst to craft the FBI’s memo about Catholics.

According to the DOJ-IG report, the FBI analysts wanted help conduct outreach to faith communities, “to make them aware of what we would call warning signs to radicalization, for the protection of everybody.”

“There was ample information in [Lopez’s] chats and in online chatter suggesting a potential link between white supremacist ideology and an attraction to certain religious beliefs and organizations, including [Our Lady of Fatima Catholic Chapel], but that the two analysts were searching for more definite substantiation,” the DOJ-IG report said, citing interviews with the FBI analysts.

One FBI analyst told the DOJ-IG that he found it “completely incongruous” that Lopez was attempting “to find common ground or find a community with this particular faith community.” He also said that there was no evidence that Lopez was being radicalized at Lady of Fatima Catholic Chapel, because he had been on the FBI’s radar “as an unstable, dangerous individual” before “any association with any Catholic related entity whatsoever.”

Rather, the FBI expressed concerns to the DOJ-IG that Lopez may have been recruiting other Lady of Fatima members to carry out an attack.

There is nothing in the charging documents against Lopez to suggest that he was recruiting other Catholics for an attack. Rather, the available evidence suggests that Lopez was interested in Catholic church to find a girlfriend.

“One place you will find [white women] is at a traditional church … I found a girl there that checked off every box on my list, but she’s 17 and I’m 22 so that’s not happening,” he said in an August 2022 post on Gab, according to charging documents.

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Tesla Design Chief Says EV Supercar Roadster Is Coming "In A Few Weeks"
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Tesla Design Chief Says EV Supercar Roadster Is Coming "In A Few Weeks"

Ferrari shot its load with the highly disappointing Luce EV...

Next up is American innovation, not Italian innovation: the Tesla Roadster.

On Saturday, Tesla Chief Designer Franz von Holzhausen told the crowd at the Tesla Takeover Europe event that the Roadster is coming "in a few weeks."

Absolutely perfect timing for the long-awaited EV supercar, considering the SpaceX IPO is next Friday and there are rumors that a SpaceX-Tesla merger could become a 2027 story.

On Friday, Ferrari's CEO was quoted in an interview saying, "We will not make fully autonomous cars, loud and clear. We want people to have fun, not the [computer] chips. We want to have a steering wheel and a man or a woman behind the steering wheel. Otherwise, why do you buy a Ferrari?"

Perhaps the Ferrari CEO's negative sentiment toward fully autonomous cars stems from the belief that it simply can't build one that will compete with Tesla, which already has 10 billion miles of real-world driving data. 

Ferrari has already launched hybrid models that have been shunned by its customer base (read report): 

Yet did anyone tell the Ferrari CEO that AI driving mode can be switched off?

A Tesla Roadster that could outperform Ferrari's Luce EV at a fraction of the cost is pure American innovation.

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Coinbase To Launch Token-Backed Mortgage Down-Payments This Summer
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Coinbase To Launch Token-Backed Mortgage Down-Payments This Summer

Authored by Turner Wright via CoinTelegraph.com,

Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer.

In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin (BTC) or USDC (USDC) as collateral for loans to fund down payments for homes. The initiative, first announced in March, represented a significant shift in companies allowing digital assets to be used for financing houses. 

“We’re excited to expand access to all qualified borrowers to fix an ongoing issue: buyers who qualify on every measure that matters but cannot clear the down payment hurdle because their wealth isn’t where the system expects to find it,” said Better founder and CEO Vishal Garg.

Garg said in a March post on X:

“This isn’t a niche thing. It’s what everyone is going to do once most financial assets are tokenized. It’s just a better way to buy a house.”

The move by Coinbase and Better followed US regulatory agencies under the Trump administration being friendlier to crypto companies and more accepting of digital assets integrated with traditional finance. In June 2025, the US Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to consider crypto as an asset in mortgage risk assessments without requiring a conversion into fiat.

Other mortgage lenders have made similar moves since the FHFA order. In February, Newrez began allowing borrowers to use their cryptocurrency holdings to qualify for a mortgage application.

Source: Bill Pulte

Volatile crypto-backed mortgages scrutinized for political motivations

Although the price volatility of cryptocurrencies like Bitcoin may present challenges to the mortgage plan, some US lawmakers have accused FHFA head Bill Pulte of being “unduly influenced” by President Donald Trump in supporting such policies.

“Expanding underwriting criteria to include the consideration of unconverted cryptocurrency assets could pose risks to the stability of the housing market and the financial system,” said five US senators in a July 2025 letter to Pulte following the FHFA order.

Republican lawmakers, including crypto proponent Cynthia Lummis, have proposed codifying the FHFA order into law. She introduced the 21st Century Mortgage Act in July 2025, saying government agencies “must evolve to meet the needs of a modern, forward-thinking generation.”

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