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A national briefing on power, data centers, gas, land, and the policy that decides where large load can be built.
Updated every morning and afternoon. Last updated .
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Contracted load rose 22% to 84 GW on a single 10.4 GW Ohio campus whose developer pays for three 765 kV lines, so we read customer-funded transmission as the new price of a multi-gigawatt site.
Requests reached 12.87 GW, but only 240 MW is under construction and 174 MW has energized since 2024, so we treat most of that queue as paper until it reaches final engineering.
The largest inquiry asked for 1,248 MW and the utility says loads that size are years away from service, so we see municipal utilities as slower paths than their land prices suggest.
About $90 per household on top of $1.75 billion in credits tied to hyperscaler deals gives us a working model for how a utility turns large load into ratepayer support.
A 423-acre former gravel site is being pitched inside a township with a 12-month moratorium from April 2026, so we hold it as a 2027 prospect at the earliest.
Stretching useful life from 15 to 25 years on roughly 12 GW of capacity tells us owners now value long-lived powered shells over quick turnover.
Quarterly capex of $51.36 billion and guidance of up to $205 billion in 2027 hold even as cash flow turned negative, so we expect site demand from this buyer to stay firm next year.
The Nov. 3 site plan vote lands a day before comments close on a federal permit to fill 72 acres of wetlands, and we count that permit as the real gate on this campus.
Anchor shippers are signed, bids close Nov. 25 and service targets March 2030, so we flag parcels near its George County delivery point for gas-fired load.
Twenty-year utility contracts backed a pipeline expansion and a lateral to a new 900 MW Indiana plant, which we read as coal retirements and data center load being met with gas in the Upper Midwest.
Southeast Connector at 2.6 Bcf/d and Permian Link at 2.8 Bcf/d both reached FID on take-or-pay contracts with 2030 service, so we date new gas-backed capacity along both routes to that year.
A 122-acre campus bought for $427 million in February is moving to housing after local pushback, so we remove it from the region's data center land supply.
A 6-3 rezoning passed only because the filing predated the pause, and the mayor wants that pause through June 2027, so we treat the city as closed to new filings.
No land is zoned for the new technology district yet, so we expect any project there to need a full rezoning and several public meetings before it can move.
A Senate cloture vote is set for Nov. 9 on a bill that ends the incumbent right of first refusal and adds cost sharing, which we see as the main federal lever on long-haul lines to new campuses.
No filings are allowed until July 28, 2027 and the only draft rule limits data centers to industrial zones, so we screen the county for industrial parcels only.
A 4-1 vote ended a pause in place since June and the county will hold occupancy until water, power and noise thresholds are met, so we mark it open with conditions.
The six-month extension runs past the next legislative session, so we expect state action rather than county rules to decide when unincorporated land reopens.
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Contracted large load nearly doubled this year to 7.9 GW with about 4 GW more in talks, and we expect the 25% bigger transmission plan to set when those sites can energize.
A five-year deal puts more than five petabytes of full-resolution sensor data to work on a utility with 48 GW of contracted data center demand, which we read as grid visibility catching up to load.
A 625 MW plant approved in 2020 never broke ground and its permits lapsed, a reminder for us that a certificate alone does not put firm supply on the grid.
Interim service with enforceable flexibility would let loads connect before upgrades finish, so we expect curtailable designs to win earlier dates once FERC reviews the filing.
Meta plans a $97.5 billion equity raise and its chip suppliers are putting in $4 billion, so we expect its campus pipeline to keep pulling on powered land through 2027.
A 16-acre former mine with a 65 MW utility contract fits a moratorium exemption for small sites, which shows us that existing service can beat a county pause on new campuses.
One leased 36 MW building in Santa Clara backs $521 million of bonds, and we take that as proof lenders will pay for stabilized capacity while new power stays slow.
A 1,000-acre, 1,200 MW site inside a by-right overlay needs no public hearing, so we rank it ahead of sites still waiting on rezonings, though Google has filed no plans yet.
A 48-inch, 2.6 Bcf/d line through 10 Tennessee counties targets late 2030 service, so we mark parcels near its compressor stations as future gas-backed options.
Twenty bidders took 1.12 million Dth/d in the open season, and with room to expand to 3.5 Bcf/d we see capacity left for large loads that sign before the route is set.
The merger set to close early next year would form the largest US gas producer, and we expect one dominant Appalachian seller to shape supply terms for gas-fired campuses.
A second 2-2 tie in two nights leaves an 825-acre campus at its 34-acre first phase, even after the developer cut on-site generation, so we drop the larger site from our active list.
A warehouse retrofit won approval with 31 conditions a week after another town rejected the same developer, but it still needs a new PPL line, so we list it as approved, not powered.
The county will not sell land, grant easements or sign NDAs for large standalone campuses, so we expect rural sites there to stall even without a formal moratorium.
The city cites water, sewer and grid limits for a pause on new applications, so we treat it as closed to new filings while already-filed projects keep moving.
An exemption worth more than $1.5 billion to developers is now a campaign issue, and we expect the next governor to decide whether one of the state's main incentives survives.
Eight towns vote on Nov. 3 and at least 21 have already acted, so we read the state as mostly closed to new campuses until lawmakers revisit a moratorium in December.
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