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• Tellurian arranges sale-leaseback to finance Driftwood LNG
  Tellurian has signed a binding letter of intent to sell the 800-acre site of its proposed Driftwood LNG...
  Tellurian has signed a binding letter of intent to sell the 800-acre site of its proposed Driftwood LNG terminal in Louisiana to an institutional investor for $1 billion and lease it back for 40 years at a capitalization rate of 8.75% and a letter of credit equal to 12 months of rent, among other requirements. The deal is subject to additional conditions, including securing the rest of the financing needed for the project and having equity investors act as joint contingent guarantors of the lease.
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• Utilities face tough choices as gas bans gain traction
  As natural gas bans in new buildings become more prevalent across the US, Dominion Energy and National...
  As natural gas bans in new buildings become more prevalent across the US, Dominion Energy and National Grid are reportedly looking to sell off some of their gas pipeline and distribution networks, as well as exploring options to modify and repurpose them. The Biden administration's electrification push is driving utilities to acknowledge that certain parts of their gas systems may become stranded assets, underscoring the importance of rethinking business strategies to adapt to evolving demand.
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• The IRS is hiring
  The tax agency, flush with $80 billion in new funding, plans to bring on ...
  The tax agency, flush with $80 billion in new funding, plans to bring on 30,000 staff in the next two years to replenish its depleted workforce, ramp up enforcement, and improve customer service. As part of its “digital first” overhaul, the IRS said it’ll be using data analytics and machine learning to uncover more Al Capone types and boost government revenue. But Treasury Secretary Janet Yellen has told them: No increased auditing of people making less than $400k.
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• ☕️What Else is Brewing Saturday Morning
  Tesla cut its prices in the US by up to 6%. It’s the EV-maker’s fifth price drop ...
  Tesla cut its prices in the US by up to 6%. It’s the EV-maker’s fifth price drop since January.
  
  A storm knocked down pine trees near spectators taking in the Masters tournament, but no golf fans were injured.
  
  Births in Italy dropped to a historic low last year, with less than 400,000 babies born in the country.
  
  S Club 7 singer Paul Cattermole has died at age 46. The British pop group had recently announced a reunion tour.
  
  Lucasfilm is making three new Star Wars movies—big-screen movies, not just streamers.
  
  
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• Classified US military docs are showing up on social media
  The first confidential documents to surface were what appeared to be classified plans for the war in...
  The first confidential documents to surface were what appeared to be classified plans for the war in Ukraine. Then yesterday, even more documents with US secrets about China and the Middle East also popped up on Twitter and elsewhere. The leak may be even bigger: Analysts told the New York Times that more than a hundred documents could be compromised.
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