Geopolitics Alpha

Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin

Published . Updated .

Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin

The owners of a proposed $1 billion gas-fired power plant in northern Wisconsin are officially calling it quits on the Nemadji Trail Energy Center in Superior.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-7.8% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+6.2% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • XLU Utilities Select Sector SPDR+1.8% 30d

    Utilities Select Sector SPDR: it holds power utilities. Linked by “gas plant” (power and utilities) in this story.

  • LNG Cheniere Energy+10.3% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • EQT Eqt+5.7% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • KMI Kinder Morgan+4.2% 7d

    Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • WMB The Williams Companies

    The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • NEE NextEra Energy-0.7% 30d

    NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “gas plant” (power and utilities) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNGNo price data for this ticker———————
XLE-1.29%+1.72%base+0.29%after closeafter closeafter close
XLUNo price data for this ticker———————
LNGNo price data for this ticker———————
EQTNo price data for this ticker———————
KMINo price data for this ticker———————
WMBNo price data for this ticker———————
NEENo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin WPR

Source: WPR

How far United States Natural Gas Fund (UNG) has moved since 28 Oct 2026

CompanyWhenMoveStatus
Select Sector Spdr Tr (XLE)that day+0.29%still updating
Select Sector Spdr Tr (XLE)three days earlier+1.72%final price
Select Sector Spdr Tr (XLE)five days earlier-1.29%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around United States Natural Gas Fund (UNG)

Companies carried with this story

  • UNG United States Natural Gas Fund

    United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    For “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

  • XLU Select Sector Spdr Tr

    Select Sector Spdr Tr (XLU) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin.” Reason on file: Utilities Select Sector SPDR: it holds power utilities. Linked by “gas plant” (power and utilities) in this story

  • LNG Cheniere Energy

    In “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • EQT Eqt

    Eqt (EQT) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • KMI Kinder Morgan

    For “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • WMB Williams Companies

    In “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story

  • NEE Nextera Energy

    In “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin,” Nextera Energy (NEE) is linked, with no stored direction, medium confidence. Reason on file: NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “gas plant” (power and utilities) in this story

How energy news reaches United States Natural Gas Fund (UNG)

On 28 Oct 2026, “Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin” is the story that connects United States Natural Gas Fund (UNG) to Energy.

United States Natural Gas Fund (UNG) is on the page because United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story

Dates and price levels for United States Natural Gas Fund (UNG)

UNG traded between 9.31 and 11.43 across 20 sessions. The latest close on file is 9.51. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46. XLU traded between 39.05 and 42.88 across 20 sessions. The latest close on file is 42.56.

How strong the case is around United States Natural Gas Fund (UNG)

46 out of 100Price not final

“Owners pull the plug on proposed $1B natural gas plant in northern Wisconsin” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.