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| Six-point-one million dollars per acre for entitled, by-right land in Sterling is the new Loudoun County comp, and TA Digital paying it without hesitation tells you what the scarcity premium looks like for shovel-ready ground in northern Virginia. Loudoun removing data centers as a by-right use is the structural driver here: the supply of pre-approved sites is finite and shrinking. Anyone sitting on entitled land in this corridor with no development timeline should be taking calls. |
| Five gigawatts at a single campus in Richland Parish is not a data center story, it is a grid transformation story for MISO South. The $50B commitment means Meta is not leasing capacity here: it owns the demand and it will own the interconnection process. Every nearby generation developer, transmission planner, and load-serving entity in Louisiana needs to treat this as the load event that resets their assumptions about transmission headroom, capacity pricing, and fuel supply in the region. The interconnection queue filings that correspond to this load will be the most important documents MISO processes this cycle. Find them. |
| 1,200 acres and up to 2GW is a serious land play in a market where ERCOT's large-load queue is moving faster than most other RTOs. Whether Mara brings its own power strategy or runs behind-the-meter is the question that determines how quickly 2GW actually materializes. In ERCOT, the land is the easier part. |
| The Texas PUC's ride-through rules are consequential for anyone structuring a large behind-the-meter load in ERCOT. Requiring data centers to withstand voltage and frequency excursions without tripping is a reliability mandate that shifts design cost onto the load, not the grid. For developers already in the queue with standard UPS and generator assumptions, the equipment specifications may need to be revisited. This is a real compliance cost, and it will show up in the next round of data center lease economics in Texas. |
| Closing $525M in construction finance for a project already under construction and fully contracted with SCE is the CAISO project finance template working as designed. The 15-year PPA is doing the heavy lifting, and BBVA, Canadian Imperial Bank of Commerce, and Santander are comfortable enough with Kern County resource adequacy risk to commit. For developers watching CAISO: the PPA is the prerequisite, not the finish line. |
| Google is the PPA offtaker across Leeward's Oklahoma projects, Salt Branch I and II, Huckleberry, Mayes, and Twelvemile I and II, which puts this in the data center demand column rather than the merchant renewables column. The $1.5B is a milestone across that existing portfolio of roughly 725MW, not a single new commitment, so read it as capital confirmation on projects already moving rather than fresh megawatts entering the SPP queue. A hyperscaler contracting this much Oklahoma solar is procuring supply for load it expects to site in or near that footprint. Watch whether Google follows the power with a campus announcement, because the PPA tends to land first. |
| Collocating a data center on an existing industrial campus to sidestep greenfield permitting friction is a pattern worth watching in SPP. Crusoe as a prospective partner brings AI compute context. Ten acres is small, and the zoning amendment path is faster than a new-site application. Whether approval is plausible on the reported timeline depends on council support, which the source leaves unresolved. |
| A federal stop-work order on an Ørsted project is not a surprise given the current regulatory posture toward offshore wind, but it is still a capital event that moves the schedule and the balance sheet. The broader consequence is that capital allocators pricing U.S. offshore wind are now carrying federal intervention as a live risk category, not a tail scenario. Anything not yet in construction is repricing. |
| Nashville joining the list of municipalities freezing data center permits while it writes zoning rules is the same dynamic playing out from Mifflin County to Loudoun County. Developers who have not yet filed in Nashville-area jurisdictions should treat this as a hard stop until the ordinance is drafted. The window that PA Data Center Partners exploited in Pennsylvania does not exist here if the freeze is already in place. |
| If this closes, NextEra controls both a renewable supply pipeline and the wires delivering to the highest-density data center market in the country, a combination no other utility holds. The source describes the deal's benefits to residential customers as dubious, and state regulators in Virginia and North Carolina will extract conditions before approval. Watch what the Virginia SCC imposes on large-load tariffs, because those conditions will set the template for how hyperscaler power costs are structured in this market for the next decade. |
EL26-67-000 · PJM · cost allocation · 3 filings FERC initiates Section 206 proceeding against PJM, all commissioners concurring separately |
ER26-1323-002 · SPP · large load SPP compliance filing for conditional high-impact large load service tariff provisions Filed 2026-07-06 20260706-5174 › |
ER26-2698-000 · NYISO · queue reform NYISO supplemental filing on interconnection process improvements affecting queue procedures Filed 2026-07-08 20260708-5191 › |
EL25-49-002 · PJM · large load FERC issues rehearing/clarification order on PJM proceeding, likely large-load or cost policy matter. Filed 2026-06-18 20260618-3103 › |
ER26-2514-000 · SPP · queue reform FERC accepts SPP generator interconnection procedure revisions to Attachment V tariff. Filed 2026-06-29 20260629-3054 › |
ER26-2771-000 · PJM · queue reform FERC denied Chestnut Run Energy LLC's waiver request in PJM (ER26-2771), a process-integrity ruling on interconnection queue timing. Filed 2026-07-02 20260702-3059 › |
EL26-68-000 · n/a · large load Data Center Coalition intervenes, signaling major data center power policy proceeding. Filed 2026-07-09 20260709-5248 › |
EL26-69-000 · n/a · large load Data Center Coalition intervenes, signaling large-load policy dispute at FERC. Filed 2026-07-09 20260709-5275 › |