WEBVTT

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<v Sarah>The <00:00:23.661>U.S. <00:00:23.941>Chamber <00:00:24.248>of <00:00:24.364>Commerce <00:00:24.908>just <00:00:25.120>put <00:00:25.240>its <00:00:25.468>name <00:00:25.687>on <00:00:25.821>a <00:00:25.941>FERC <00:00:26.274>docket <00:00:26.793>about <00:00:27.278>the <00:00:27.498>36-gigawatt <00:00:28.592>interconnection <00:00:29.357>backlog — <00:00:30.557>and <00:00:30.633>that's <00:00:30.857>a <00:00:31.017>very <00:00:31.369>different

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<v Sarah>conversation <00:00:32.511>from <00:00:32.719>what <00:00:32.823>a <00:00:32.909>county <00:00:33.229>planning <00:00:33.621>board <00:00:33.861>has <00:00:33.997>been <00:00:34.101>dealing <00:00:34.429>with <00:00:34.661>all <00:00:34.861>week.

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<v Sarah>It's <00:00:36.161>The <00:00:36.285>Data <00:00:36.575>Center <00:00:36.872>Daily

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<v Sarah>Friday <00:00:38.099>May <00:00:38.299>29th — <00:00:39.379>I'm <00:00:39.569>Cassidy

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<v Sarah>Matt's <00:00:40.683>here — <00:00:41.519>and <00:00:41.606>we're <00:00:41.791>closing <00:00:42.181>the <00:00:42.349>week <00:00:42.573>with <00:00:42.721>the <00:00:42.831>Chamber <00:00:43.234>at <00:00:43.420>FERC

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<v Sarah>Synergy's <00:00:44.996>global <00:00:45.391>facility <00:00:45.918>census

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<v Sarah>and <00:00:47.056>a <00:00:47.160>hard <00:00:47.464>look <00:00:47.683>at <00:00:47.769>what <00:00:47.961>Microsoft's <00:00:48.697>10.5 <00:00:49.477>gigawatts <00:00:50.084>of <00:00:50.298>PPAs <00:00:51.118>and <00:00:51.487>Amazon's <00:00:52.061>20 <00:00:52.550>actually <00:00:53.329>obligate <00:00:53.863>those <00:00:54.111>companies <00:00:54.570>to <00:00:54.694>deliver.

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<v Matt>Five <00:00:56.707>days <00:00:57.054>of <00:00:57.165>county <00:00:57.565>ordinances <00:00:58.185>and <00:00:58.358>water <00:00:58.692>fights, <00:00:59.366>and <00:00:59.506>we <00:00:59.726>end <00:00:59.986>up <00:01:00.199>on <00:01:00.385>a <00:01:00.505>federal <00:01:00.865>docket <00:01:01.305>written <00:01:01.665>by <00:01:01.845>the <00:01:01.958>business <00:01:02.449>lobby.

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<v Matt>So, <00:01:03.776>yeah — <00:01:04.677>today <00:01:04.995>we <00:01:05.149>find <00:01:05.381>out <00:01:05.541>who <00:01:05.723>actually <00:01:06.267>gets <00:01:06.499>a <00:01:06.603>seat <00:01:06.891>when <00:01:07.039>the <00:01:07.163>real <00:01:07.486>rules <00:01:07.861>get <00:01:08.031>written.

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<v Sarah>Synergy <00:01:09.965>says <00:01:10.248>there <00:01:10.443>are <00:01:10.703>1,297 <00:01:12.919>hyperscale <00:01:13.552>facilities <00:01:14.110>operating <00:01:14.606>worldwide <00:01:15.222>right <00:01:15.482>now — <00:01:16.278>operating

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<v Sarah>not <00:01:17.334>announced — <00:01:18.502>and <00:01:18.755>SMR <00:01:19.152>developers <00:01:19.702>are <00:01:19.858>treating <00:01:20.226>80 <00:01:20.526>megawatts <00:01:21.186>as <00:01:21.366>the <00:01:21.479>standard <00:01:22.036>AI-facility <00:01:22.982>ask.

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<v Sarah>So <00:01:24.263>the <00:01:24.410>queue <00:01:24.609>math <00:01:24.918>is <00:01:25.054>getting <00:01:25.344>uglier <00:01:25.808>fast.

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<v Sarah>U.S. <00:01:27.464>Chamber <00:01:27.771>of <00:01:27.878>Commerce <00:01:28.359>writes:

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<v Quote>We <00:01:29.974>commend <00:01:30.274>the <00:01:30.370>Commission <00:01:30.770>for <00:01:30.941>initiating <00:01:31.483>this <00:01:31.659>important <00:01:32.142>proceeding <00:01:32.732>to <00:01:32.932>address <00:01:33.232>the <00:01:33.350>challenges <00:01:33.950>and <00:01:34.073>opportunities <00:01:34.965>associated <00:01:35.727>with <00:01:35.875>the

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<v Quote>interconnection <00:01:36.600>of <00:01:36.707>large <00:01:37.039>loads <00:01:37.427>to <00:01:37.553>the <00:01:37.657>electric <00:01:38.057>grid.

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<v Quote>The <00:01:39.169>Chamber <00:01:39.495>brings <00:01:39.811>the <00:01:39.977>unique <00:01:40.300>perspective <00:01:40.870>of <00:01:41.020>counting <00:01:41.412>among <00:01:41.652>its <00:01:41.822>members <00:01:42.252>not <00:01:42.524>just <00:01:42.700>many <00:01:42.919>of <00:01:43.013>the <00:01:43.180>electricity <00:01:43.761>providers <00:01:44.357>and <00:01:44.475>technology <00:01:45.103>companies

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<v Quote>that <00:01:45.655>are <00:01:45.835>key <00:01:46.077>stakeholders <00:01:46.848>to <00:01:46.922>the <00:01:47.049>large <00:01:47.432>load <00:01:47.677>interconnection <00:01:48.342>process

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<v Quote>but <00:01:49.590>also <00:01:49.822>the <00:01:49.986>numerous <00:01:50.391>electricity <00:01:51.030>customers <00:01:51.634>who <00:01:51.987>count <00:01:52.305>on <00:01:52.462>affordable <00:01:53.012>and <00:01:53.194>reliable <00:01:53.770>energy <00:01:54.357>to <00:01:54.621>support <00:01:54.998>their <00:01:55.191>businesses <00:01:55.811>and <00:01:55.982>livelihoods.

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<v Sarah>The <00:01:57.245>U.S.

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<v Sarah>Chamber <00:01:57.832>of <00:01:57.948>Commerce <00:01:58.484>filed <00:01:58.741>formal <00:01:59.145>comments <00:01:59.694>in <00:01:59.880>FERC <00:02:00.159>Docket <00:02:00.706>RM26-4-000 — <00:02:04.300>the <00:02:04.413>large-load <00:02:05.051>interconnection <00:02:05.781>proceeding — <00:02:06.851>and <00:02:06.931>the <00:02:07.061>framing <00:02:07.604>is <00:02:07.750>worth

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<v Sarah>clocking: <00:02:09.172>the <00:02:09.282>Chamber <00:02:09.696>says <00:02:10.005>it <00:02:10.155>represents <00:02:10.642>electricity <00:02:11.223>providers

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<v Sarah>tech <00:02:12.423>companies <00:02:13.339>and <00:02:13.419>the <00:02:13.527>customers <00:02:13.999>who <00:02:14.159>pay <00:02:14.299>the <00:02:14.423>bill.

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<v Sarah>That's <00:02:15.859>a <00:02:16.055>very <00:02:16.391>wide <00:02:16.903>tent <00:02:17.186>to <00:02:17.293>pitch <00:02:17.585>in <00:02:17.699>one <00:02:17.939>comment <00:02:18.405>letter.

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<v Matt>Wide <00:02:19.975>tent, <00:02:20.748>narrow <00:02:21.242>interests.

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<v Matt>The <00:02:22.732>Chamber <00:02:23.162>lists <00:02:23.642>all <00:02:23.949>three <00:02:24.346>constituencies

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<v Matt>but <00:02:25.762>the <00:02:26.022>ask <00:02:26.495>is <00:02:26.654>about <00:02:27.012>large-load <00:02:27.944>interconnection <00:02:28.852>rules — <00:02:29.845>that's <00:02:30.157>not <00:02:30.317>a <00:02:30.407>comment <00:02:30.791>letter <00:02:31.035>for <00:02:31.195>the <00:02:31.395>49,000 <00:02:32.642>Lake <00:02:32.914>Tahoe <00:02:33.379>households <00:02:34.119>waiting <00:02:34.802>on <00:02:35.068>NV

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<v Matt>Energy's <00:02:36.086>sequencing <00:02:36.736>promise.

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<v Matt>That's <00:02:38.226>a <00:02:38.316>comment <00:02:38.700>letter <00:02:38.944>for <00:02:39.104>the <00:02:39.293>hyperscalers <00:02:40.197>trying <00:02:40.770>to <00:02:40.920>jump <00:02:41.344>the <00:02:41.544>36-gigawatt <00:02:42.823>queue.

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<v Sarah>And <00:02:44.278>that <00:02:44.502>36-gigawatt <00:02:45.543>backlog <00:02:46.183>is <00:02:46.433>exactly <00:02:47.103>why <00:02:47.243>the <00:02:47.423>DOE's <00:02:47.993>October <00:02:48.423>23rd <00:02:48.983>letter <00:02:49.519>triggered <00:02:50.055>this <00:02:50.316>ANOPR <00:02:51.089>in <00:02:51.183>the <00:02:51.343>first <00:02:51.610>place — <00:02:52.605>the <00:02:52.721>Secretary

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<v Sarah>effectively <00:02:53.758>asked <00:02:54.103>FERC <00:02:54.395>to <00:02:54.565>move <00:02:54.874>on <00:02:55.033>large-load <00:02:55.685>rules

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<v Sarah>and <00:02:56.600>the <00:02:56.710>Chamber <00:02:57.094>showed <00:02:57.378>up <00:02:57.565>three <00:02:57.740>weeks <00:02:58.020>later.

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<v Sarah>Monday <00:02:59.570>we <00:02:59.656>were <00:02:59.824>talking <00:03:00.144>about <00:03:00.401>county <00:03:00.816>ordinances; <00:03:02.013>today <00:03:02.375>we're <00:03:02.537>in <00:03:02.631>a <00:03:02.711>federal <00:03:03.071>docket.

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<v Sarah>That's <00:03:04.451>the <00:03:04.562>escalation <00:03:05.125>in <00:03:05.284>venue <00:03:05.597>this <00:03:05.821>week <00:03:06.018>earned.

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<v Matt>The <00:03:07.530>people <00:03:07.932>who <00:03:08.169>packed <00:03:08.531>the <00:03:08.671>Goochland <00:03:09.197>County <00:03:09.533>hearing <00:03:10.001>room <00:03:10.313>and <00:03:10.693>the <00:03:10.833>Pulaski <00:03:11.450>County <00:03:11.845>planning <00:03:12.336>board <00:03:12.771>don't <00:03:13.183>have <00:03:13.391>a <00:03:13.528>filing <00:03:13.923>deadline <00:03:14.427>at <00:03:14.947>888 <00:03:15.360>First

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<v Matt>Street <00:03:16.080>NE. <00:03:16.986>The <00:03:17.276>Chamber <00:03:17.738>does.

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<v Matt>So <00:03:19.115>when <00:03:19.327>the <00:03:19.454>rules <00:03:19.849>get <00:03:20.069>written, <00:03:20.882>guess <00:03:21.200>whose <00:03:21.513>preferred <00:03:22.001>framework <00:03:22.585>lands <00:03:23.012>in <00:03:23.086>the <00:03:23.215>record.

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<v Sarah>Synergy <00:03:25.113>Research <00:03:25.505>Group <00:03:25.774>writes:

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<v Quote>Over <00:03:27.214>the <00:03:27.338>last <00:03:27.621>three <00:03:27.849>years

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<v Quote>quarterly <00:03:29.023>hyperscale <00:03:29.650>operator <00:03:30.174>capex <00:03:30.754>has <00:03:30.914>ballooned

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<v Quote>growing <00:03:32.127>by <00:03:32.290>almost <00:03:32.712>180% <00:03:34.111>and <00:03:34.507>reaching <00:03:34.835>$142 <00:03:36.175>billion <00:03:36.928>in <00:03:37.194>Q3 <00:03:37.541>of <00:03:37.643>this <00:03:37.899>year.

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<v Quote>This <00:03:38.995>has <00:03:39.165>enabled <00:03:39.555>a <00:03:39.653>comparable <00:03:40.393>170% <00:03:41.806>increase <00:03:42.283>in <00:03:42.409>the <00:03:42.515>amount <00:03:42.818>of <00:03:42.925>operational <00:03:43.597>capacity <00:03:44.362>added <00:03:44.659>each <00:03:44.847>quarter.

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<v Sarah>Synergy's <00:03:46.264>Q3 <00:03:46.653>census <00:03:47.131>says <00:03:47.414>there <00:03:47.609>are <00:03:47.909>1,297 <00:03:49.766>hyperscale <00:03:50.319>facilities <00:03:50.882>operational <00:03:51.537>worldwide

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<v Sarah>nearly <00:03:53.124>triple <00:03:53.486>the <00:03:53.626>2018 <00:03:54.332>count

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<v Sarah>but <00:03:55.360>capacity <00:03:55.837>is <00:03:55.996>up <00:03:56.134>more <00:03:56.294>than <00:03:56.486>fourfold — <00:03:57.649>which <00:03:57.824>tells <00:03:58.064>you <00:03:58.204>the <00:03:58.312>real <00:03:58.597>story <00:03:59.089>is <00:03:59.196>in <00:03:59.322>the <00:03:59.442>denominator.

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<v Sarah>Average <00:04:01.266>facility <00:04:01.698>size <00:04:02.058>keeps <00:04:02.311>climbing, <00:04:03.242>so <00:04:03.360>each <00:04:03.656>new <00:04:03.840>site <00:04:04.149>is <00:04:04.295>a <00:04:04.369>bigger <00:04:04.640>interconnection <00:04:05.475>ask <00:04:05.807>than <00:04:05.955>the <00:04:06.127>last.

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<v Matt>And <00:04:07.752>quarterly <00:04:08.376>capex <00:04:09.137>hit <00:04:09.417>$142 <00:04:11.128>billion <00:04:12.231>in <00:04:12.537>Q3 — <00:04:13.697>up <00:04:14.097>180% <00:04:15.671>since <00:04:16.032>ChatGPT <00:04:17.047>launched.

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<v Matt>That's <00:04:18.135>not <00:04:18.295>a <00:04:18.388>trend <00:04:18.717>line, <00:04:19.421>that's <00:04:19.733>a <00:04:19.837>step <00:04:20.184>change.

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<v Matt>The <00:04:21.530>FERC <00:04:21.917>queue <00:04:22.332>wasn't <00:04:22.885>built <00:04:23.090>for <00:04:23.290>a <00:04:23.450>world <00:04:23.877>where <00:04:24.052>the <00:04:24.232>average <00:04:24.712>new <00:04:24.972>site <00:04:25.345>is <00:04:25.524>materially <00:04:26.334>larger <00:04:26.862>than <00:04:27.074>the <00:04:27.194>average <00:04:27.678>site <00:04:27.966>from <00:04:28.134>three <00:04:28.387>years <00:04:28.752>ago.

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<v Sarah>The <00:04:30.493>U.S.

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<v Sarah>share <00:04:31.023>ticking <00:04:31.421>from <00:04:31.693>52% <00:04:32.600>to <00:04:32.734>55% <00:04:33.667>of <00:04:33.821>worldwide <00:04:34.310>hyperscale <00:04:34.874>capacity <00:04:35.427>sounds <00:04:35.876>small <00:04:36.531>until <00:04:37.171>you <00:04:37.331>stack <00:04:37.584>it <00:04:37.720>against <00:04:37.950>the <00:04:38.170>36-gigawatt <00:04:39.278>interconnection

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<v Sarah>backlog — <00:04:41.093>and <00:04:41.293>now <00:04:41.553>the <00:04:41.663>Chamber <00:04:42.040>of <00:04:42.156>Commerce <00:04:42.679>is <00:04:42.786>in <00:04:42.972>FERC <00:04:43.332>Docket <00:04:43.905>RM26-4-000 <00:04:47.410>arguing <00:04:48.270>the <00:04:48.380>federal <00:04:48.770>interconnection <00:04:49.440>process <00:04:49.964>should <00:04:50.195>be <00:04:50.269>the <00:04:50.377>governing

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<v Sarah>framework. <00:04:51.785>That's <00:04:52.589>the <00:04:52.693>industry's <00:04:53.171>answer <00:04:53.500>to <00:04:53.686>a <00:04:53.806>queue <00:04:54.056>problem <00:04:54.486>Synergy <00:04:54.934>just <00:04:55.186>put <00:04:55.430>hard <00:04:55.736>numbers <00:04:56.193>on.

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<v Matt>The <00:04:57.419>Chamber <00:04:57.849>filing <00:04:58.409>is <00:04:58.609>the <00:04:58.782>business <00:04:59.273>lobby's <00:04:59.864>hand <00:05:00.315>going <00:05:00.757>up <00:05:00.998>at <00:05:01.172>a <00:05:01.332>federal <00:05:01.684>regulator — <00:05:02.872>not <00:05:03.092>the <00:05:03.276>grid <00:05:03.604>operators, <00:05:04.652>not <00:05:04.932>the <00:05:05.132>ratepayers.

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<v Matt>If <00:05:06.691>the <00:05:06.875>rule <00:05:07.163>they're <00:05:07.503>lobbying <00:05:08.027>for <00:05:08.387>prioritizes <00:05:09.367>large-load <00:05:10.220>interconnection

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<v Matt>that <00:05:11.845>1,297-and-climbing <00:05:14.870>denominator <00:05:15.714>tells <00:05:16.289>you <00:05:16.489>exactly <00:05:17.109>who <00:05:17.378>benefits <00:05:18.190>and <00:05:18.530>who <00:05:18.714>gets <00:05:19.027>shoved <00:05:19.429>farther <00:05:19.913>back <00:05:20.196>in <00:05:20.346>line.

56
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<v Sarah>From <00:05:22.050>Blake <00:05:22.314>Crosley <00:05:22.756>at <00:05:22.870>Introl <00:05:23.305>Blog:

57
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<v Quote>Renewable <00:05:25.150>energy <00:05:25.532>commitments <00:05:26.004>have <00:05:26.201>surged <00:05:26.687>alongside <00:05:27.468>AI <00:05:27.777>infrastructure <00:05:28.430>investment.

58
00:05:29.196 --> 00:05:41.819
<v Quote>Tech <00:05:29.969>giants <00:05:30.423>committed <00:05:30.883>$10B+ <00:05:31.983>to <00:05:32.353>nuclear <00:05:32.752>partnerships <00:05:33.620>(Amazon <00:05:34.462>$500M <00:05:35.448>to <00:05:35.822>X-energy; <00:05:36.884>Google <00:05:37.342>1.8GW <00:05:38.809>to <00:05:38.913>Elementl <00:05:39.496>Power; <00:05:39.933>Microsoft <00:05:40.999>restarting <00:05:41.619>Three

59
00:05:41.883 --> 00:05:51.816
<v Quote>Mile <00:05:42.196>Island). <00:05:42.762>Microsoft <00:05:44.106>dedicated <00:05:44.658>$80B <00:05:45.951>in <00:05:46.244>FY2025 <00:05:47.684>to <00:05:47.962>data <00:05:48.252>center <00:05:48.520>expansion, <00:05:49.704>much <00:05:49.952>requiring <00:05:50.504>renewable <00:05:51.096>PPAs.

60
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<v Quote>AI <00:05:53.080>data <00:05:53.386>centers <00:05:53.784>projected <00:05:54.243>to <00:05:54.367>consume <00:05:55.257>945 <00:05:56.738>TWh <00:05:57.418>annually <00:05:58.111>by <00:05:58.377>2030 <00:05:59.162>make <00:05:59.785>sustainable <00:06:00.355>power <00:06:00.684>essential.

61
00:06:01.684 --> 00:06:09.279
<v Sarah>Introl's <00:06:02.202>PPA <00:06:02.632>roundup <00:06:03.186>puts <00:06:03.482>three <00:06:03.735>names <00:06:04.027>in <00:06:04.101>the <00:06:04.225>same <00:06:04.552>sentence — <00:06:05.672>Microsoft <00:06:06.373>at <00:06:06.559>10.5 <00:06:07.259>gigawatts <00:06:07.866>of <00:06:07.960>renewable <00:06:08.453>PPAs

62
00:06:09.405 --> 00:06:14.394
<v Sarah>Amazon <00:06:10.205>claiming <00:06:10.577>the <00:06:10.690>world's <00:06:11.095>largest <00:06:11.555>corporate <00:06:11.955>renewable <00:06:12.386>position <00:06:13.034>at <00:06:13.274>20 <00:06:13.574>gigawatts

63
00:06:14.520 --> 00:06:19.196
<v Sarah>Google <00:06:15.308>with <00:06:15.476>a <00:06:15.596>24/7 <00:06:16.453>carbon-free <00:06:17.092>energy <00:06:17.485>commitment <00:06:18.075>by <00:06:18.395>2030.

64
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<v Sarah>Those <00:06:20.196>are <00:06:20.356>three <00:06:20.580>different <00:06:20.849>legal <00:06:21.174>instruments.

65
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<v Sarah>A <00:06:22.594>PPA <00:06:23.221>is <00:06:23.315>a <00:06:23.408>power <00:06:23.717>purchase <00:06:24.140>contract.

66
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<v Sarah>A <00:06:25.474>ranked <00:06:25.803>buyer <00:06:26.121>position <00:06:26.598>is <00:06:26.744>a <00:06:26.841>volume <00:06:27.263>claim.

67
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<v Sarah>A <00:06:28.663>24/7 <00:06:29.383>CFE <00:06:29.787>commitment <00:06:30.280>is <00:06:30.426>a <00:06:30.510>matching <00:06:30.935>obligation.

68
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<v Sarah>None <00:06:32.492>of <00:06:32.578>them <00:06:32.746>are <00:06:32.886>the <00:06:32.994>same <00:06:33.266>thing, <00:06:34.266>and <00:06:34.426>all <00:06:34.599>three <00:06:34.904>get <00:06:35.070>called <00:06:35.426>'clean <00:06:35.826>energy' <00:06:36.413>in <00:06:36.487>the <00:06:36.587>press <00:06:36.857>release.

69
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<v Matt>And <00:06:38.347>the <00:06:38.520>question <00:06:39.144>I <00:06:39.408>want <00:06:39.726>answered <00:06:40.302>is <00:06:40.602>how <00:06:41.086>many <00:06:41.369>of <00:06:41.514>Amazon's <00:06:42.300>20 <00:06:42.700>gigawatts <00:06:43.460>are <00:06:43.644>operating <00:06:44.273>on <00:06:44.399>the <00:06:44.555>same <00:06:45.035>grid <00:06:45.446>where <00:06:45.621>the <00:06:45.821>load <00:06:46.203>actually <00:06:46.811>sits

70
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<v Matt>not <00:06:48.139>vintage-matched <00:06:49.341>RECs <00:06:49.853>from <00:06:50.021>a <00:06:50.125>wind <00:06:50.477>farm <00:06:50.888>in <00:06:50.982>a <00:06:51.062>different <00:06:51.622>ISO.

71
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<v Matt>Because <00:06:53.442>the <00:06:53.662>SMR <00:06:54.129>piece <00:06:54.496>this <00:06:54.704>week <00:06:55.157>is <00:06:55.463>telling <00:06:55.796>us <00:06:55.982>a <00:06:56.124>standard <00:06:56.753>AI <00:06:57.090>facility <00:06:57.738>now <00:06:58.045>pulls <00:06:58.620>80 <00:06:58.940>megawatts — <00:07:00.188>more <00:07:00.428>than <00:07:00.677>double <00:07:01.099>legacy <00:07:01.643>data <00:07:01.969>centers — <00:07:02.979>and

72
00:07:03.147 --> 00:07:08.784
<v Matt>that <00:07:03.435>math <00:07:03.899>only <00:07:04.286>works <00:07:04.674>if <00:07:04.800>the <00:07:04.920>gigawatts <00:07:05.553>on <00:07:05.766>paper <00:07:06.381>are <00:07:06.681>gigawatts <00:07:07.448>on <00:07:07.682>the <00:07:07.854>wire.

73
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<v Sarah>And <00:07:09.375>this <00:07:09.556>is <00:07:09.702>the <00:07:09.870>week <00:07:10.094>that <00:07:10.242>the <00:07:10.422>U.S.

74
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<v Sarah>Chamber <00:07:11.075>of <00:07:11.243>Commerce <00:07:11.779>dropped <00:07:12.099>a <00:07:12.208>filing <00:07:12.649>in <00:07:12.783>FERC <00:07:13.143>Docket <00:07:13.663>RM26-4-000 <00:07:16.835>on <00:07:17.154>large-load <00:07:17.792>interconnection.

75
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<v Sarah>The <00:07:19.470>industry's <00:07:20.014>preferred <00:07:20.418>solution <00:07:20.823>to <00:07:20.969>all <00:07:21.116>of <00:07:21.250>this <00:07:21.623>is <00:07:21.782>at <00:07:21.908>the <00:07:22.011>transmission <00:07:22.607>layer — <00:07:23.527>not <00:07:23.667>the <00:07:23.780>water <00:07:24.112>layer, <00:07:24.647>not <00:07:25.047>the <00:07:25.213>county <00:07:25.529>ordinance <00:07:25.956>layer.

76
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<v Sarah>That's <00:07:27.291>a <00:07:27.367>meaningful <00:07:27.784>choice <00:07:28.166>about <00:07:28.406>where <00:07:28.626>the <00:07:28.726>fight <00:07:28.974>gets <00:07:29.237>resolved.

77
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<v Matt>The <00:07:30.734>Chamber <00:07:31.164>is <00:07:31.464>not <00:07:31.964>the <00:07:32.268>grid <00:07:32.581>people.

78
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<v Matt>The <00:07:33.463>Chamber <00:07:33.963>is <00:07:34.163>the <00:07:34.379>load <00:07:34.832>people.

79
00:07:35.466 --> 00:07:39.721
<v Matt>And <00:07:35.939>if <00:07:36.061>they're <00:07:36.304>the <00:07:36.444>ones <00:07:36.844>shaping <00:07:37.424>the <00:07:37.537>interconnection <00:07:38.335>queue <00:07:38.680>rules <00:07:39.107>at <00:07:39.281>FERC

80
00:07:39.881 --> 00:07:48.036
<v Matt>I <00:07:40.073>want <00:07:40.254>to <00:07:40.392>know <00:07:40.560>whether <00:07:40.904>that <00:07:41.210>comment <00:07:41.606>letter <00:07:41.962>speeds <00:07:42.495>up <00:07:42.654>queue <00:07:42.981>position <00:07:43.577>for <00:07:43.897>the <00:07:44.037>20-gigawatt <00:07:44.996>buyers <00:07:45.663>or <00:07:46.077>whether <00:07:46.384>it <00:07:46.486>does <00:07:46.740>anything <00:07:47.276>for <00:07:47.416>the <00:07:47.546>smaller

81
00:07:48.132 --> 00:07:50.665
<v Matt>load <00:07:48.580>that's <00:07:48.948>been <00:07:49.126>waiting <00:07:49.533>behind <00:07:49.923>them.

82
00:07:50.665 --> 00:07:54.394
<v Sarah>Dallas <00:07:51.637>Bond, <00:07:52.137>writing <00:07:52.890>in <00:07:53.156>iRecruit.co:

83
00:07:55.394 --> 00:07:58.676
<v Quote>Data <00:07:55.614>centers <00:07:56.054>are <00:07:56.171>facing <00:07:56.633>a <00:07:56.783>growing <00:07:57.062>energy <00:07:57.556>crisis.

84
00:07:58.809 --> 00:08:06.518
<v Quote>AI-focused <00:07:59.606>facilities <00:08:00.176>now <00:08:00.426>require <00:08:00.996>80 <00:08:01.423>MW <00:08:01.824>of <00:08:01.945>power, <00:08:02.792>more <00:08:02.968>than <00:08:03.206>double <00:08:03.502>the <00:08:03.642>32 <00:08:04.202>MW <00:08:04.566>standard <00:08:04.982>data <00:08:05.278>centers <00:08:05.628>consume.

85
00:08:06.651 --> 00:08:16.033
<v Quote>In <00:08:06.937>the <00:08:07.077>U.S. <00:08:07.923>energy <00:08:08.256>demand <00:08:08.630>from <00:08:08.838>data <00:08:09.198>centers <00:08:09.531>is <00:08:09.690>expected <00:08:10.167>to <00:08:10.337>jump <00:08:10.625>from <00:08:10.913>17 <00:08:11.580>GW <00:08:11.981>in <00:08:12.115>2022 <00:08:13.127>to <00:08:13.553>35 <00:08:14.300>GW <00:08:14.727>by <00:08:14.993>2030

86
00:08:16.060 --> 00:08:18.990
<v Quote>while <00:08:16.275>grid <00:08:16.648>interconnection <00:08:17.370>delays <00:08:17.752>stretch <00:08:18.085>up <00:08:18.244>to <00:08:18.490>a <00:08:18.670>decade.

87
00:08:19.424 --> 00:08:22.858
<v Sarah>The <00:08:19.625>iRecruit <00:08:20.277>SMR <00:08:20.773>roundup <00:08:21.316>is <00:08:21.475>dated <00:08:21.793>March <00:08:22.138>10th

88
00:08:22.911 --> 00:08:30.055
<v Sarah>so <00:08:23.065>some <00:08:23.284>of <00:08:23.386>this <00:08:23.631>is <00:08:23.785>evergreen <00:08:24.307>context — <00:08:25.517>but <00:08:25.617>the <00:08:25.817>80 <00:08:26.217>MW <00:08:26.737>per <00:08:26.964>AI <00:08:27.240>facility <00:08:27.793>figure <00:08:28.215>is <00:08:28.395>the <00:08:28.501>number <00:08:28.830>worth <00:08:29.159>anchoring <00:08:29.735>to

89
00:08:30.155 --> 00:08:34.695
<v Sarah>because <00:08:30.882>it's <00:08:31.064>more <00:08:31.304>than <00:08:31.542>double <00:08:31.838>the <00:08:32.058>32 <00:08:32.751>MW <00:08:33.234>legacy <00:08:33.647>standard

90
00:08:34.735 --> 00:08:39.176
<v Sarah>and <00:08:34.882>it's <00:08:35.036>the <00:08:35.156>denominator <00:08:35.848>that <00:08:36.029>makes <00:08:36.347>every <00:08:36.652>queue <00:08:36.896>discussion <00:08:37.368>this <00:08:37.544>week <00:08:37.796>sharper.

91
00:08:39.245 --> 00:08:51.008
<v Matt>Amazon's <00:08:39.899>960 <00:08:41.099>MW <00:08:41.628>Pennsylvania <00:08:42.376>SMR <00:08:42.834>commitment <00:08:43.494>and <00:08:43.798>Microsoft's <00:08:44.614>837 <00:08:45.946>MW <00:08:46.425>Three <00:08:46.754>Mile <00:08:47.067>Island <00:08:47.489>revival <00:08:48.109>are <00:08:48.309>the <00:08:48.422>headline <00:08:48.926>deals — <00:08:49.986>but <00:08:50.126>I <00:08:50.254>keep <00:08:50.492>coming <00:08:50.816>back

92
00:08:51.035 --> 00:08:57.796
<v Matt>to <00:08:51.129>whether <00:08:51.449>those <00:08:51.689>are <00:08:51.866>signed <00:08:52.279>capacity <00:08:52.905>agreements <00:08:53.517>with <00:08:53.698>delivery <00:08:54.202>dates <00:08:54.789>or <00:08:55.243>options <00:08:55.843>dressed <00:08:56.176>up <00:08:56.335>as <00:08:56.494>strategy <00:08:56.975>announcements.

93
00:08:58.089 --> 00:09:06.780
<v Matt>At <00:08:58.835>80 <00:08:59.208>MW <00:08:59.674>per <00:08:59.856>facility, <00:09:00.852>you <00:09:00.960>need <00:09:01.232>real <00:09:01.624>electrons <00:09:02.299>on <00:09:02.373>the <00:09:02.497>same <00:09:02.849>grid, <00:09:03.693>not <00:09:03.943>vintage <00:09:04.486>RECs <00:09:04.962>matched <00:09:05.365>on <00:09:05.511>a <00:09:05.598>spreadsheet.

94
00:09:06.780 --> 00:09:17.313
<v Sarah>And <00:09:07.116>the <00:09:07.316>95-plus <00:09:08.246>percent <00:09:08.658>capacity <00:09:09.223>factor <00:09:09.690>on <00:09:09.956>SMRs <00:09:10.642>versus <00:09:10.998>25 <00:09:11.691>to <00:09:11.877>35 <00:09:12.477>for <00:09:12.650>solar <00:09:12.955>and <00:09:13.203>wind <00:09:13.875>is <00:09:14.215>the <00:09:14.332>honest <00:09:14.714>engineering <00:09:15.266>case — <00:09:16.466>that <00:09:16.674>gap <00:09:16.967>is <00:09:17.113>why <00:09:17.253>the

95
00:09:17.370 --> 00:09:20.588
<v Sarah>hyperscalers <00:09:18.131>are <00:09:18.239>even <00:09:18.458>at <00:09:18.552>the <00:09:18.725>table <00:09:19.022>with <00:09:19.190>nuclear <00:09:19.528>developers

96
00:09:20.608 --> 00:09:27.623
<v Sarah>and <00:09:20.721>it's <00:09:21.019>also <00:09:21.187>why <00:09:21.347>a <00:09:21.507>PPA <00:09:22.067>for <00:09:22.224>intermittent <00:09:22.726>renewables <00:09:23.359>is <00:09:23.545>a <00:09:23.671>structurally <00:09:24.219>different <00:09:24.572>instrument <00:09:25.302>than <00:09:25.675>an <00:09:25.941>SMR <00:09:26.408>power <00:09:26.799>agreement

97
00:09:27.671 --> 00:09:32.268
<v Sarah>even <00:09:27.916>if <00:09:28.054>both <00:09:28.222>get <00:09:28.409>filed <00:09:28.784>under <00:09:29.024>'clean <00:09:29.350>energy <00:09:29.673>commitments' <00:09:30.297>in <00:09:30.371>the <00:09:30.479>same <00:09:30.715>earnings <00:09:31.131>deck.

98
00:09:32.548 --> 00:09:34.027
<v Matt>17 <00:09:32.888>gigawatts <00:09:33.601>of <00:09:33.787>U.S.

99
00:09:34.091 --> 00:09:43.146
<v Matt>data <00:09:34.393>center <00:09:34.749>demand <00:09:35.282>in <00:09:35.748>2022, <00:09:36.801>expected <00:09:37.278>to <00:09:37.444>hit <00:09:38.024>35 <00:09:38.477>by <00:09:38.743>2030 — <00:09:39.903>and <00:09:40.087>grid <00:09:40.396>interconnection <00:09:41.141>delays <00:09:41.665>stretching <00:09:42.158>up <00:09:42.317>to <00:09:42.463>a <00:09:42.572>decade.

100
00:09:43.346 --> 00:09:51.945
<v Matt>The <00:09:43.996>Chamber <00:09:44.373>of <00:09:44.489>Commerce <00:09:45.033>just <00:09:45.292>filed <00:09:45.680>in <00:09:45.866>FERC <00:09:46.266>Docket <00:09:46.799>RM26-4-000 <00:09:50.293>to <00:09:50.727>fix <00:09:50.947>the <00:09:51.120>queue

101
00:09:51.965 --> 00:09:56.259
<v Matt>but <00:09:52.158>SMR <00:09:52.562>developers <00:09:53.202>are <00:09:53.430>basically <00:09:53.906>building <00:09:54.298>their <00:09:54.558>own <00:09:54.841>bypass <00:09:55.523>lane

102
00:09:56.299 --> 00:10:00.817
<v Matt>and <00:09:56.459>I'd <00:09:56.611>like <00:09:56.766>to <00:09:56.868>know <00:09:57.100>who's <00:09:57.340>still <00:09:57.593>standing <00:09:58.044>in <00:09:58.118>the <00:09:58.231>original <00:09:58.751>line <00:09:59.175>while <00:09:59.407>that <00:09:59.615>bypass <00:10:00.143>gets <00:10:00.402>built.

103
00:10:00.864 --> 00:10:03.268
<v Host>If <00:10:00.964>you <00:10:01.064>track <00:10:01.284>the <00:10:01.387>infrastructure <00:10:02.046>behind <00:10:02.548>AI

104
00:10:03.288 --> 00:10:10.382
<v Host>you <00:10:03.388>may <00:10:03.572>also <00:10:03.892>like <00:10:04.244>Musk <00:10:04.708>v <00:10:04.888>Altman <00:10:05.362>Daily — <00:10:06.507>a <00:10:06.600>daily <00:10:06.918>court-watch <00:10:07.638>on <00:10:07.808>Elon <00:10:08.128>Musk's <00:10:08.597>trial <00:10:08.912>against <00:10:09.322>Sam <00:10:09.562>Altman

105
00:10:10.462 --> 00:10:12.622
<v Host>OpenAI <00:10:11.442>and <00:10:11.582>Microsoft

106
00:10:12.666 --> 00:10:14.697
<v Host>covering <00:10:13.074>testimony <00:10:13.729>exhibits

107
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<v Host>and <00:10:14.797>the <00:10:15.017>AGI <00:10:15.461>governance <00:10:15.968>fight.

108
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<v Host>You’ll <00:10:19.878>find <00:10:20.123>links <00:10:20.415>to <00:10:20.505>everything <00:10:20.918>we <00:10:21.054>covered <00:10:21.317>today <00:10:21.609>in <00:10:21.683>the <00:10:21.791>show <00:10:22.050>notes, <00:10:22.918>so <00:10:23.051>if <00:10:23.145>a <00:10:23.238>story <00:10:23.547>deserves <00:10:23.939>a <00:10:24.036>closer <00:10:24.442>look, <00:10:25.050>that’s <00:10:25.278>the <00:10:25.378>place <00:10:25.631>to <00:10:25.804>start.

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