The Short Version

The Short Version turns podcasts into what was actually said. Every weekday we take the shows worth knowing about — macro, markets, tech, power — and boil each episode down to the argument, the takeaways, and the calls, if anyone was brave enough to make them. An hour of someone talking becomes a few minutes of you reading. You listen to the episodes that earn it and skip the rest with a clear conscience.

How it works: subscribers get one email every weekday around 6:30am ET — the morning's index plus the takeaways from each episode. The full reads live here on the site: the argument, the reasoning, what has to be true for the person to be right. For now, we do things in categories. You pick which ones land in your morning email — the links at the bottom of every digest handle that, plus unsubscribe if it comes to that. No account settings to dig through, and no passwords anywhere: the email itself logs you in. Your inbox is your identity around here.

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This morning’s edition:

The Energy Capital Podcast

The Texas Energy Fund's first co-op loan

Aug 26, 2026 · 41m · 3 min read

Christian Nagel of Rayburn Electric Cooperative lays out how the G&T co-op moved from a low-capital "paper" power supply model to owning dispatchable steel-in-the-ground assets after Winter Storm Uri, culminating in the 750 MW Rayburn Energy Station acquisition (2023) and a new Siemens SGT-A100 simple-cycle buildout financed by the Texas Energy Fund's first co-op loan: 3% on 60% of project cost, 20-year note, closed in June after two years of PUCT diligence. Rayburn is also scaling a DER program with Base Power batteries (also live at El Paso Electric) aimed at coincident-peak shaving as data centers threaten to double or triple its peak load. No price or market calls; this is a financing-and-infrastructure strategy interview.

This is the super-short version — click for the full summary →