AGP Executive Report
Last update: 4 hours agoVirginia Budget Deal: Virginia lawmakers approved a two-year budget that averts a shutdown and settles the long fight over data center taxes, including a new electricity consumption fee of $0.011 per kWh starting July 1, 2026, expected to raise up to $600M annually for the general fund, plus pay raises and housing and cannabis framework language. Adult-Use Cannabis: The budget package also clears the way for a regulated recreational marijuana market, with sales targeted to begin July 1, 2027. Data Center Power Rules: Federal regulators (FERC) ordered grid operators to revise or defend tariffs for large loads like data centers, aiming to stop infrastructure costs from shifting onto residential ratepayers. Helium Supply (Virginia Gas Project): ASP Isotopes said a subsidiary tied to the Virginia Gas Project secured its first five-year take-or-pay helium contract, supporting Phase 1 operations in 2026 and setting up Phase 2 construction later this year. Gun Laws Pushback: Virginia’s new gun restrictions face non-enforcement threats from some local prosecutors, arguing parts of the assault-weapons and carry provisions are unconstitutional. Business/Construction M&A: Arcosa was acquired by CRH for $8.5B, expanding CRH’s aggregates and construction materials footprint.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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