diff --git a/CHANGELOG.md b/CHANGELOG.md
index 13813d15f2..3bddb233e2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## 1.15.0 (Unreleased)
+## 1.15.0-alpha20251203 (December 03, 2025)
 
 
 NEW FEATURES:
@@ -10,7 +10,9 @@ ENHANCEMENTS:
 
 * ssh-based provisioner (file + remote-exec): Re-enable support for PowerShell ([#37794](https://github.com/hashicorp/terraform/issues/37794))
 
-* init: skip dependencies declared in development override. This allows you to use `terraform init` with developer overrides and install dependencies that are not declared in the override file. ([#27459](https://github.com/hashicorp/terraform/issues/27459))
+* terraform init log timestamps include millisecond precision ([#37818](https://github.com/hashicorp/terraform/issues/37818))
+
+* init: skip dependencies declared in development override. This allows you to use `terraform init` with developer overrides and install dependencies that are not declared in the override file. ([#37884](https://github.com/hashicorp/terraform/issues/37884))
 
 
 BUG FIXES:
@@ -21,6 +23,10 @@ BUG FIXES:
 
 * cli: Fixed crash in `terraform show -json` when plan contains ephemeral resources with preconditions or postconditions ([#37834](https://github.com/hashicorp/terraform/issues/37834))
 
+* cli: Fixed `terraform init -json` to properly format all backend configuration messages as JSON instead of plain text ([#37911](https://github.com/hashicorp/terraform/issues/37911))
+
+* `state show`: The `state show` command will now explicitly fail and return code 1 when it fails to render the named resources state ([#37933](https://github.com/hashicorp/terraform/issues/37933))
+
 
 EXPERIMENTS:
 
diff --git a/version/VERSION b/version/VERSION
index 9a4866bbce..1a1753b3c1 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-1.15.0-dev
+1.15.0-alpha20251203