ERCOT aims to finish Governor Abbott’s data-center audit by December amid a pause on new interconnections, with hundreds of large-load proposals in Batch Zero and a massive interconnection queue that could delay long-term grid planning.
Constellation CEO argues data-center growth will rely on existing power plants (about 55 GW generation, 22 GW nuclear) with potential ~1.1 GW uprates, while Texas interconnection regulation and a Calpine-settlement process shape near-term risk and financing (e.g., $860M Brazos Valley sale; ~$5.9B settlement proceeds).
Texas data center interconnection moratorium puts ~20% of US data-center pipeline at risk of delay, with potential $8B in leasing revenue at stake by early 2027 and regulatory risk if audits extend into the 2027 Texas session.
Texas delays data-center interconnections amid a 474 GW queue, launching an audit and delaying ERCOT's Batch Zero while regulators scrutinize on-site power, water use, and incentives, with data centers representing about 90% of new requests.
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