Fact Sheet: President Donald J. Trump Advances Energy Affordability with the Ratepayer Protection Pledge

Fact sheetPublished 03/04Open the original

Summary

Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI sign the Ratepayer Protection Pledge, agreeing to build, bring or buy new generation for their data centers and cover the cost of required power delivery upgrades so households do not bear them.

By industry

Energy & LNG1 trading day−1.0%p15 stocks5 trading days−2.4%p15 stocks20 trading days+7.7%p15 stocks
“agreeing to build, bring, or buy new generation resources and cover the cost of all power delivery infrastructure upgrades required for their data centers”

Day by day after the announcement

Energy & LNG stocks and the S&P 500 after the announcement, cumulative %
Day	Energy & LNG stocks	S&P 500
26/03/03	0.0%	0.0%
26/03/04	+0.0%	+1.0%
26/03/05	+0.1%	+0.2%
26/03/06	+0.2%	−1.0%
26/03/09	−0.8%	−0.6%
26/03/10	−2.6%	−0.2%
26/03/11	+0.1%	−1.2%
26/03/12	+1.0%	−1.7%
26/03/13	+1.4%	−2.4%
26/03/16	+1.0%	−1.5%
26/03/17	+1.8%	−1.3%
26/03/18	+2.6%	−2.7%
26/03/19	+4.5%	−2.6%
26/03/20	+3.9%	−4.1%
26/03/23	+4.6%	−3.3%
26/03/24	+5.7%	−3.1%
26/03/25	+6.6%	−3.4%
26/03/26	+7.6%	−4.6%
26/03/27	+8.7%	−6.7%
26/03/30	+6.1%	−7.2%
26/03/31	+3.6%	−4.1%

Korean stocks in these industries

Korea Gas Corporation 036460
POSCO International 047050
SK Innovation 096770
Samsung Heavy Industries 010140

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Richard J. MarkDirector
BuySempra
Buy
Sempra
SRE
$251.2K
2,692 sh
$251.2K
Filed 03/11
Traded 03/11
Cynthia J. WarnerDirector
BuySempra
Buy
Sempra
SRE
$232.4K
2,500 sh
$232.4K
Filed 03/11
Traded 03/11
Jennifer M. KirkDirector
BuySempra
Buy
Sempra
SRE
$93.4K
1,000 sh
$93.4K
Filed 03/13
Traded 03/12
Michael WichterichInterim President and CEO
BuyExpand Energy
Buy
Expand Energy
EXE
$108K
1,000 sh
$108K
Filed 03/09
Traded 03/06
Michael WichterichInterim President and CEO
BuyExpand Energy
Buy
Expand Energy
EXE
$107K
1,000 sh
$107K
Filed 03/09
Traded 03/06
Pamela K.M. BeallDirector
BuyNextDecade
Buy
NextDecade
NEXT
$505.5K
71,500 sh
$505.5K
Filed 03/25
Traded 03/23
Jeffrey A. JewellExecutive V.P., CFO
BuyDT Midstream
Buy
DT Midstream
DTM
$25.2K
185 sh
$25.2K
Filed 02/25
Traded 02/25
Matthew GallagherDirector
BuyExpand Energy
Buy
Expand Energy
EXE
$100.7K
1,000 sh
$100.7K
Filed 02/19
Traded 02/19
William A. SmithDirector
BuyKinder Morgan
Buy
Kinder Morgan
KMI
$89.3K
3,000 sh
$89.3K
Filed 02/03
Traded 02/02
Zach DavisEVP & CFO
SellCheniere Energy
Sell
Cheniere Energy
LNG
$8.7M
29,000 sh
$8.7M
Filed 04/01
Traded 03/30
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$40.6M
2,520,800 sh
$40.6M
Filed 03/19
Traded 03/19
Mark ScucchiEVP & CFO
SellRange Resources
Sell
Range Resources
RRC
$1.2M
30,000 sh
$1.2M
Filed 03/04
Traded 03/02
Jeremy KnopCFO
SellEQT
Sell
EQT
EQT
$1.2M
20,000 sh
$1.2M
Filed 03/03
Traded 02/27
Thomas EarlChief Commercial Officer
SellVenture Global
Sell
Venture Global
VG
$11.8M
1,000,000 sh
$11.8M
Filed 03/09
Traded 03/09
Fory MusserSenior VP, Development
SellVenture Global
Sell
Venture Global
VG
$10.9M
1,000,000 sh
$10.9M
Filed 03/04
Traded 03/04
Fory MusserSenior VP, Development
SellVenture Global
Sell
Venture Global
VG
$10.9M
1,000,000 sh
$10.9M
Filed 03/04
Traded 03/04
Anatol FeyginEVP & Chief Commercial Officer
SellCheniere Energy
Sell
Cheniere Energy
LNG
$8.8M
30,183 sh
$8.8M
Filed 03/30
Traded 03/26
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$7.6M
536,514 sh
$7.6M
Filed 03/19
Traded 03/18
Dennis DegnerCEO & Pres
SellRange Resources
Sell
Range Resources
RRC
$693.2K
15,000 sh
$693.2K
Filed 03/31
Traded 03/30
Keith D. LarsonGeneral Counsel and Secretary
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$49.9M
3,206,138 sh
$49.9M
Filed 03/19
Traded 03/19