Topic
A queue position has become the most valuable asset in a datacentre development. The process that creates one was designed in the 1990s to connect generators, and it is being used to connect loads it was never meant to see.
The filing asks for fifteen year minimum take commitments, collateral scaled to contracted demand, and an exit obligation that survives the customer walking away. Two neighbouring utilities have filings that look almost identical.
Meridian Grid Compute has contracted more load for 2028 than it had in total three years ago. The transmission upgrades that make the load deliverable are being funded on a forty year utility rate base.
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