Microsoft in talks with Chevron and Engine No. 1 seeking power supply agreements

华尔街见闻2026/03/31 22:19

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The planned natural gas power plant is expected to cost around $7 billion, with an initial power generation capacity of 2,500 megawatts (MW), making it one of the largest facilities of its kind in the United States. The agreement reached with Microsoft will secure a long-term power client for the plant and support its construction financing. The project still requires tax and environmental permits, as well as agreement on commercial terms.

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46