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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

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News >  National business

Biggest U.S. grid to launch emergency power auction for AI boom

America’s biggest power grid has pitched a plan to ensure data centers fully pay for electricity they need to counter the threat of energy shortages amid the artificial-intelligence boom. PJM Interconnection LLC aims to launch an emergency auction for power generation in September to help plug a nearly seven gigawatt shortage for the year beginning 2028 resulting from an auction earlier this month, according to a letter to stakeholders Monday. The costs of the so-called Reliability Backstop Procurement will be allocated to data centers, it added.
News >  National business

Cracker Barrel CEO to step down a year after logo controversy

Cracker Barrel will soon have a new leader. The company announced on Monday, July 27 CEO Julie Masino will step down as CEO and member of the board effective Aug. 10. Masino will be replaced by David Deno, most recently the CEO of Bloomin' Brands, the owner ​of casual restaurant chains such as Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill.
News >  National business

Nevada regulators approve key steps in MGM, Caesars take-private deals

Two Nevada resort companies that dominate the Strip came a step closer to converting from publicly traded to privately held after actions Thursday before the Nevada Gaming Commission. In separate votes, commissioners unanimously approved licenses and amended orders of registration involving MGM Resorts International and Caesars Entertainment Inc. MGM oversees 10 Strip properties while Caesars ...