WEBVTT

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<v Sarah>OpenAI <00:00:00.693>wants <00:00:01.040>3.2 <00:00:01.960>gigawatts <00:00:02.512>near <00:00:02.738>Savannah — <00:00:03.700>and <00:00:03.800>the <00:00:03.968>same <00:00:04.260>day

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<v Sarah>PJM's <00:00:05.410>monitor <00:00:05.820>put <00:00:06.040>a <00:00:06.126>number <00:00:06.453>on <00:00:06.608>what <00:00:06.864>load <00:00:07.168>like <00:00:07.392>that <00:00:07.600>is <00:00:07.800>already <00:00:08.140>costing <00:00:08.604>everyone <00:00:09.040>else.

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<v Sarah>If <00:00:11.460>you're <00:00:11.632>just <00:00:11.810>joining <00:00:12.267>us

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<v Sarah>PJM's <00:00:13.472>been <00:00:13.646>trying <00:00:13.973>to <00:00:14.133>wrangle <00:00:14.520>a <00:00:14.624>wave <00:00:14.933>of <00:00:15.093>large <00:00:15.453>loads — <00:00:16.360>roughly <00:00:16.800>30 <00:00:17.100>gigawatts <00:00:17.720>seeking <00:00:18.053>connections <00:00:18.693>by <00:00:18.880>2030 — <00:00:20.032>into <00:00:20.200>something <00:00:20.616>operators <00:00:21.160>can

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<v Sarah>actually <00:00:21.744>plan <00:00:22.080>around.

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<v Sarah>Its <00:00:23.580>CIFP-LLA <00:00:25.104>framework <00:00:25.760>put <00:00:26.060>vetting, <00:00:26.864>milestone <00:00:27.493>payments, <00:00:28.140>curtailment, <00:00:29.080>and <00:00:29.296>cost <00:00:29.731>allocation <00:00:30.320>on <00:00:30.500>the <00:00:30.627>table.

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<v Sarah>The <00:00:31.644>question <00:00:32.080>all <00:00:32.368>week <00:00:32.600>has <00:00:32.752>been <00:00:32.920>whether <00:00:33.232>that <00:00:33.420>becomes <00:00:33.920>real <00:00:34.300>reliability <00:00:35.018>discipline <00:00:35.760>or <00:00:36.128>just <00:00:36.400>a <00:00:36.560>shinier <00:00:37.093>queue <00:00:37.427>label.

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<v Matt>And <00:00:38.707>today, <00:00:39.460>the <00:00:39.580>receipt <00:00:40.046>showed <00:00:40.400>up.

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<v Matt>This <00:00:41.787>is <00:00:42.020>The <00:00:42.144>Data <00:00:42.446>Center <00:00:42.800>Daily: <00:00:43.680>a <00:00:43.800>$20 <00:00:44.350>billion <00:00:45.180>Georgia <00:00:45.680>bet, <00:00:46.400>a <00:00:46.520>$40 <00:00:46.890>billion <00:00:47.600>buyout <00:00:48.128>that <00:00:48.384>just <00:00:48.720>closed, <00:00:49.640>and <00:00:49.840>now <00:00:50.200>a <00:00:50.389>dollar <00:00:50.857>figure <00:00:51.248>from <00:00:51.460>the <00:00:51.590>monitor.

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<v Matt>Let's <00:00:53.173>start <00:00:53.488>with <00:00:53.742>Savannah.

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<v Matt>If <00:00:55.140>you <00:00:55.232>want <00:00:55.387>to <00:00:55.488>keep <00:00:55.733>up <00:00:55.872>with <00:00:56.187>PJM <00:00:56.787>large-load <00:00:57.487>integration <00:00:58.080>plan, <00:00:58.860>tap <00:00:59.131>follow <00:00:59.707>so <00:00:59.800>the <00:00:59.968>next <00:01:00.220>episode <00:01:00.693>lands <00:01:00.987>in <00:01:01.072>your <00:01:01.280>feed.

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<v Sarah>From <00:01:02.753>Cris <00:01:03.080>Tolomia <00:01:03.633>at <00:01:03.820>Quartz:

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<v Quote>OpenAI <00:01:06.539>announced <00:01:06.966>plans <00:01:07.355>Wednesday <00:01:07.912>to <00:01:08.059>build <00:01:08.299>a <00:01:08.403>data <00:01:08.693>center <00:01:08.979>campus <00:01:09.539>in <00:01:09.739>Effingham <00:01:10.145>County

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<v Quote>Georgia <00:01:11.335>committing <00:01:11.739>$20 <00:01:12.189>billion <00:01:12.846>to <00:01:12.939>the <00:01:13.129>project <00:01:13.672>in <00:01:13.819>order <00:01:14.072>to <00:01:14.249>qualify <00:01:14.779>for <00:01:14.939>a <00:01:15.032>local <00:01:15.347>incentive <00:01:15.829>package.

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<v Quote>The <00:01:16.961>facility <00:01:17.659>named <00:01:17.929>Project <00:01:18.479>Camellia

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<v Quote>is <00:01:19.529>located <00:01:20.053>within <00:01:20.299>the <00:01:20.463>Savannah <00:01:20.879>Gateway <00:01:21.357>Industrial <00:01:22.019>Hub

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<v Quote>about <00:01:22.899>45 <00:01:23.419>minutes <00:01:23.749>outside <00:01:24.126>of <00:01:24.223>Savannah

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<v Quote>and <00:01:25.166>would <00:01:25.326>be <00:01:25.419>the <00:01:25.592>first <00:01:25.907>data <00:01:26.145>center <00:01:26.451>that <00:01:26.659>OpenAI <00:01:27.352>is <00:01:27.515>designing <00:01:28.059>and <00:01:28.215>building <00:01:28.579>itself.

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<v Sarah>OpenAI's <00:01:30.277>Project <00:01:30.757>Camellia: <00:01:31.617>$20 <00:01:32.237>billion <00:01:32.977>committed <00:01:33.390>in <00:01:33.557>Effingham <00:01:34.034>County <00:01:34.537>to <00:01:34.897>hit <00:01:35.057>a <00:01:35.150>local <00:01:35.465>incentive <00:01:35.961>threshold

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<v Sarah>with <00:01:37.177>3.2 <00:01:37.957>gigawatts <00:01:38.595>contracted <00:01:39.209>from <00:01:39.377>Georgia <00:01:39.724>Power <00:01:40.197>and <00:01:40.657>a <00:01:40.754>phased <00:01:41.177>build <00:01:41.609>from <00:01:41.897>2028 <00:01:42.777>to <00:01:43.017>2032.

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<v Sarah>Bloomberg <00:01:45.397>pegs <00:01:45.677>the <00:01:45.801>full <00:01:46.110>build <00:01:46.430>at <00:01:46.590>north <00:01:46.910>of <00:01:47.097>$30 <00:01:47.547>billion.

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<v Sarah>Note <00:01:49.297>the <00:01:49.497>tense: <00:01:50.065>committed, <00:01:51.124>to <00:01:51.317>qualify <00:01:51.777>for <00:01:51.917>the <00:01:52.049>incentive.

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<v Sarah>They're <00:01:53.617>still <00:01:53.857>seeking <00:01:54.190>partners <00:01:54.670>to <00:01:54.847>finance <00:01:55.357>and <00:01:55.457>build <00:01:55.764>it.

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<v Sarah>This'll <00:01:56.804>be <00:01:56.877>the <00:01:57.004>first <00:01:57.406>campus <00:01:57.913>OpenAI <00:01:58.677>designs <00:01:59.137>and <00:01:59.303>builds <00:01:59.668>itself, <00:02:00.594>rather <00:02:00.969>than <00:02:01.157>renting <00:02:01.609>from <00:02:01.817>Azure.

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<v Matt>The <00:02:03.497>line <00:02:03.737>that <00:02:03.817>caught <00:02:04.217>me <00:02:04.510>is <00:02:04.797>the <00:02:04.914>demand <00:02:05.328>response.

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<v Matt>It's <00:02:06.657>a <00:02:06.777>25-year <00:02:07.657>deal, <00:02:08.329>with <00:02:08.484>up <00:02:08.590>to <00:02:08.777>1,000 <00:02:09.457>megawatts <00:02:10.009>they'll <00:02:10.281>shed <00:02:10.594>before <00:02:10.984>residential <00:02:11.553>customers <00:02:12.105>feel <00:02:12.350>it.

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<v Matt>Georgia <00:02:13.644>Power <00:02:14.030>calls <00:02:14.324>it <00:02:14.417>one <00:02:14.564>of <00:02:14.657>the <00:02:14.857>largest <00:02:15.474>single-facility <00:02:16.344>commitments <00:02:16.884>in <00:02:16.957>the <00:02:17.087>country.

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<v Matt>So <00:02:18.545>on <00:02:18.785>paper, <00:02:19.545>the <00:02:19.697>neighbors <00:02:20.005>are <00:02:20.113>protected <00:02:20.598>at <00:02:20.785>peak.

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<v Matt>But <00:02:22.017>that's <00:02:22.385>3.2 <00:02:23.245>gigawatts <00:02:23.795>landing <00:02:24.225>on <00:02:24.445>one <00:02:24.695>utility <00:02:25.215>through <00:02:25.505>2032.

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<v Matt>I <00:02:27.377>want <00:02:27.532>to <00:02:27.625>see <00:02:27.805>who <00:02:28.033>backstops <00:02:28.565>the <00:02:28.683>generation

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<v Matt>and <00:02:29.935>whether <00:02:30.177>that <00:02:30.385>flex <00:02:30.762>clause <00:02:31.158>survives <00:02:31.625>the <00:02:31.798>first <00:02:32.145>hot <00:02:32.454>August <00:02:32.977>when <00:02:33.505>OpenAI <00:02:34.172>would <00:02:34.339>rather <00:02:34.593>keep <00:02:34.847>training.

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<v Sarah>A <00:02:36.626>25-year <00:02:37.522>term, <00:02:38.086>and <00:02:38.178>they <00:02:38.346>don't <00:02:38.606>own <00:02:38.806>the <00:02:38.902>building <00:02:39.286>yet.

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<v Sarah>That's <00:02:40.446>a <00:02:40.526>lot <00:02:40.733>of <00:02:40.837>confidence <00:02:41.399>in <00:02:41.546>a <00:02:41.626>partner <00:02:41.938>they <00:02:42.106>haven't <00:02:42.466>named.

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<v Sarah>Here's <00:02:44.034>Karen <00:02:44.427>Joy <00:02:44.667>Bacudo <00:02:45.247>at <00:02:45.487>DataCenterNews <00:02:46.660>US:

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<v Quote>The <00:02:47.615>transaction <00:02:48.181>is <00:02:48.328>among <00:02:48.548>the <00:02:48.678>largest <00:02:49.218>private <00:02:49.608>investments <00:02:50.075>in <00:02:50.188>digital <00:02:50.651>infrastructure

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<v Quote>underscoring <00:02:52.252>investor <00:02:52.665>demand <00:02:53.048>for <00:02:53.232>data <00:02:53.522>centre <00:02:53.808>assets <00:02:54.448>as <00:02:54.819>artificial <00:02:55.377>intelligence <00:02:56.025>drives <00:02:56.408>a <00:02:56.501>sharp <00:02:56.832>rise <00:02:57.141>in <00:02:57.296>computing <00:02:57.768>and <00:02:57.941>power <00:02:58.275>needs.

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<v Quote>It <00:02:59.301>is <00:02:59.456>also <00:02:59.688>the <00:02:59.848>first <00:03:00.092>investment <00:03:00.548>for <00:03:00.768>AIP, <00:03:01.755>which <00:03:01.928>was <00:03:02.088>set <00:03:02.261>up <00:03:02.421>to <00:03:02.581>mobilise <00:03:03.088>large <00:03:03.541>pools <00:03:03.861>of <00:03:04.018>capital <00:03:04.428>for <00:03:04.741>AI <00:03:05.056>infrastructure.

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<v Sarah>The <00:03:06.262>$40 <00:03:06.632>billion <00:03:07.342>deal <00:03:07.742>is <00:03:07.982>closed.

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<v Sarah>AIP, <00:03:10.009>MGX, <00:03:10.662>and <00:03:10.849>BlackRock's <00:03:11.662>GIP <00:03:12.462>now <00:03:13.022>own <00:03:13.422>100% <00:03:14.409>of <00:03:14.515>Aligned's <00:03:14.999>equity, <00:03:15.518>with <00:03:15.942>another <00:03:16.342>$5 <00:03:16.802>billion <00:03:17.542>committed <00:03:17.942>for <00:03:18.142>growth.

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<v Sarah>The <00:03:19.246>portfolio <00:03:19.902>spans <00:03:20.382>51 <00:03:20.933>campuses <00:03:21.642>and <00:03:22.142>6.4 <00:03:23.102>gigawatts.

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<v Sarah>One <00:03:24.965>caveat: <00:03:26.014>that <00:03:26.382>6.4 <00:03:27.242>gigawatts <00:03:27.875>includes <00:03:28.366>both <00:03:28.689>operational <00:03:29.502>and <00:03:29.792>planned <00:03:30.213>capacity <00:03:30.839>across <00:03:31.226>Northern <00:03:31.635>Virginia, <00:03:32.531>Dallas, <00:03:33.252>Phoenix, <00:03:33.862>and <00:03:34.042>São <00:03:34.315>Paulo.

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<v Sarah>Planned <00:03:35.804>capacity <00:03:36.355>is <00:03:36.506>carrying <00:03:36.902>a <00:03:36.995>chunk <00:03:37.289>of <00:03:37.374>that <00:03:37.573>headline.

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<v Matt>And <00:03:38.814>here's <00:03:39.054>what <00:03:39.235>we've <00:03:39.462>watched <00:03:39.790>come <00:03:40.026>together: <00:03:41.182>GIP <00:03:41.822>is <00:03:42.049>BlackRock.

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<v Matt>The <00:03:43.406>same <00:03:43.715>house <00:03:44.046>financing <00:03:44.642>the <00:03:44.862>AI-load <00:03:45.555>buildouts <00:03:46.222>is <00:03:46.442>now <00:03:46.679>buying <00:03:47.042>the <00:03:47.164>concrete <00:03:47.722>and <00:03:47.922>the <00:03:48.050>transformers.

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<v Matt>They're <00:03:49.715>on <00:03:49.870>both <00:03:50.115>sides <00:03:50.409>of <00:03:50.482>the <00:03:50.609>trade, <00:03:51.202>and <00:03:51.342>today <00:03:51.849>it's <00:03:52.169>in <00:03:52.302>ink.

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<v Matt>AIP's <00:03:53.969>first-ever <00:03:54.680>investment, <00:03:55.694>with <00:03:55.902>$45 <00:03:56.572>billion <00:03:57.402>out <00:03:57.602>the <00:03:57.742>door.

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<v Matt>So <00:03:59.317>if <00:03:59.632>that <00:03:59.904>six <00:04:00.204>gigawatts <00:04:00.731>of <00:04:00.834>planned <00:04:01.246>capacity <00:04:01.784>doesn't <00:04:02.217>energize, <00:04:03.064>who <00:04:03.237>holds <00:04:03.524>the <00:04:03.628>stranded <00:04:04.051>asset?

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<v Matt>The <00:04:05.248>same <00:04:05.568>fund <00:04:05.856>that <00:04:06.032>lent <00:04:06.274>against <00:04:06.677>it.

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<v Matt>That's <00:04:07.784>a <00:04:07.872>tidy <00:04:08.110>little <00:04:08.448>loop.

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<v Sarah>Macquarie's <00:04:09.764>the <00:04:09.881>seller <00:04:10.288>here, <00:04:10.928>cashing <00:04:11.304>out <00:04:11.451>of <00:04:11.547>infrastructure <00:04:12.237>funds.

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<v Sarah>Somebody <00:04:13.607>looked <00:04:13.771>at <00:04:13.856>that <00:04:14.055>pipeline <00:04:14.664>and <00:04:14.854>decided <00:04:15.424>$40 <00:04:15.934>billion <00:04:16.744>was <00:04:16.904>the <00:04:17.120>exit, <00:04:18.044>not <00:04:18.264>the <00:04:18.477>entry.

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<v Sarah>Here's <00:04:20.081>BTW:

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<v Quote>Monitoring <00:04:21.963>Analytics

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<v Quote>the <00:04:22.904>independent <00:04:23.548>market <00:04:23.941>monitor <00:04:24.351>for <00:04:24.691>PJM <00:04:25.224>Interconnection

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<v Quote>estimates <00:04:26.803>that <00:04:26.995>data <00:04:27.301>centres <00:04:27.683>were <00:04:27.864>responsible <00:04:28.511>for <00:04:28.744>US$6.3bn

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<v Quote>or <00:04:31.571>38% <00:04:32.718>of <00:04:32.811>the <00:04:32.958>US$16.4bn <00:04:35.224>in <00:04:35.391>charges <00:04:35.843>from <00:04:36.131>PJM’s <00:04:36.682>capacity <00:04:37.301>auction <00:04:37.751>for <00:04:38.071>the <00:04:38.291>2028–2029 <00:04:40.158>delivery <00:04:40.435>year.

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<v Quote>Monitoring <00:04:41.707>Analytics <00:04:42.267>President <00:04:42.817>Joseph <00:04:43.171>Bowring <00:04:43.699>told <00:04:43.951>Utility <00:04:44.451>Dive <00:04:44.851>that <00:04:45.219>data-centre-related <00:04:46.271>charges <00:04:46.731>totalled <00:04:47.104>US$29.4bn <00:04:49.034>across <00:04:50.171>the <00:04:50.371>last <00:04:50.739>four

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<v Quote>base <00:04:51.224>auctions <00:04:52.038>equal <00:04:52.398>to <00:04:52.611>46% <00:04:53.624>of <00:04:53.751>the <00:04:53.864>US$63.6bn <00:04:55.744>total.

59
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<v Quote>The <00:04:57.141>monitor <00:04:57.544>plans <00:04:57.838>to <00:04:57.931>publish <00:04:58.251>its <00:04:58.435>full <00:04:58.753>analysis <00:04:59.278>of <00:04:59.371>the <00:04:59.548>latest <00:04:59.941>auction <00:05:00.325>within <00:05:00.611>weeks.

60
00:05:01.703 --> 00:05:10.387
<v Matt>There <00:05:01.827>it <00:05:02.094>is. <00:05:02.474>Monitoring <00:05:03.419>Analytics <00:05:04.115>just <00:05:04.347>put <00:05:04.547>a <00:05:04.684>number <00:05:05.080>on <00:05:05.219>what <00:05:05.411>everybody's <00:05:06.099>been <00:05:06.296>waving <00:05:06.720>their <00:05:06.854>hands <00:05:07.240>about: <00:05:08.027>$6.3 <00:05:09.087>billion

61
00:05:10.440 --> 00:05:15.667
<v Matt>or <00:05:10.707>38% <00:05:11.560>of <00:05:11.880>PJM's <00:05:12.667>$16.4 <00:05:13.847>billion <00:05:14.618>capacity <00:05:15.237>auction

62
00:05:15.754 --> 00:05:18.147
<v Matt>attributed <00:05:16.707>to <00:05:16.931>data <00:05:17.247>centers.

63
00:05:18.207 --> 00:05:24.147
<v Sarah>And <00:05:18.419>here's <00:05:18.647>the <00:05:18.920>PJM <00:05:19.494>large-load <00:05:20.216>update: <00:05:21.147>the <00:05:21.317>monitor <00:05:21.720>is <00:05:21.873>making <00:05:22.187>the <00:05:22.354>attribution <00:05:23.080>PJM <00:05:23.633>wouldn't.

64
00:05:24.287 --> 00:05:33.827
<v Sarah>The <00:05:24.757>auction <00:05:25.157>cleared <00:05:25.534>at <00:05:25.607>the <00:05:25.747>FERC <00:05:26.187>cap, <00:05:26.987>$325 <00:05:28.427>a <00:05:28.527>megawatt-day, <00:05:29.523>with <00:05:29.987>138,318 <00:05:32.847>megawatts.

65
00:05:33.934 --> 00:05:39.267
<v Sarah>It's <00:05:34.267>still <00:05:34.627>6,831 <00:05:36.534>short <00:05:36.894>of <00:05:36.967>the <00:05:37.087>reliability <00:05:37.814>requirement.

66
00:05:39.324 --> 00:05:42.987
<v Matt>Nearly <00:05:39.720>seven <00:05:40.067>gigawatts <00:05:40.694>short, <00:05:41.187>while <00:05:41.644>paying <00:05:42.007>the <00:05:42.187>cap.

67
00:05:43.075 --> 00:05:46.467
<v Matt>Ratepayers <00:05:43.787>get <00:05:43.927>the <00:05:44.044>record <00:05:44.451>bill <00:05:44.787>and <00:05:45.047>the <00:05:45.167>reliability <00:05:45.927>gap.

68
00:05:46.607 --> 00:05:55.988
<v Matt>Bowring's <00:05:47.400>proposed <00:05:47.927>fix <00:05:48.280>is <00:05:48.407>the <00:05:48.520>interesting <00:05:49.171>part: <00:05:50.051>back <00:05:50.367>new <00:05:50.611>load <00:05:50.915>with <00:05:51.147>new <00:05:51.340>generation, <00:05:52.440>or <00:05:52.607>procure <00:05:53.054>it <00:05:53.158>separately <00:05:53.747>on <00:05:53.987>15-year <00:05:54.707>contracts.

69
00:05:56.036 --> 00:05:57.828
<v Sarah>Zoom <00:05:56.308>out, <00:05:56.808>and <00:05:56.921>it <00:05:57.076>gets <00:05:57.348>worse.

70
00:05:57.988 --> 00:06:06.548
<v Sarah>Bowring <00:05:58.772>told <00:05:59.088>Utility <00:05:59.604>Dive <00:06:00.121>it's <00:06:00.708>$29.4 <00:06:01.878>billion <00:06:02.845>across <00:06:03.208>the <00:06:03.332>last <00:06:03.652>four <00:06:03.979>auctions — <00:06:05.028>46% <00:06:05.855>of <00:06:05.928>the <00:06:06.068>total.

71
00:06:06.788 --> 00:06:09.468
<v Sarah>So <00:06:07.332>much <00:06:07.628>for <00:06:07.788>a <00:06:07.908>one-year <00:06:08.388>blip.

72
00:06:09.476 --> 00:06:17.028
<v Matt>Will <00:06:09.528>the <00:06:09.638>monitor's <00:06:10.196>recommendation <00:06:10.932>have <00:06:11.255>teeth, <00:06:12.121>or <00:06:12.260>will <00:06:12.575>PJM <00:06:13.092>file <00:06:13.401>it <00:06:13.572>next <00:06:13.855>to <00:06:13.988>every <00:06:14.441>other <00:06:14.761>queue-reform <00:06:15.578>gesture <00:06:16.128>and <00:06:16.356>move <00:06:16.681>on?

73
00:06:17.388 --> 00:06:22.228
<v Matt>A <00:06:17.805>dollar <00:06:18.205>figure <00:06:18.580>with <00:06:18.748>a <00:06:18.857>policy <00:06:19.368>ask <00:06:19.721>means <00:06:20.058>nothing <00:06:20.628>if <00:06:20.857>nobody <00:06:21.348>enforces <00:06:21.961>it.

74
00:06:22.890 --> 00:06:25.610
<v Sarah>Ashley <00:06:23.354>Cook, <00:06:23.730>writing <00:06:24.037>in <00:06:24.154>Fort <00:06:24.450>Worth <00:06:24.698>Star-Telegram:

75
00:06:26.315 --> 00:06:27.835
<v Quote>Amid <00:06:26.692>public <00:06:27.115>outcry

76
00:06:27.875 --> 00:06:35.035
<v Quote>a <00:06:27.971>developer <00:06:28.515>has <00:06:28.683>abandoned <00:06:29.175>its <00:06:29.422>plans <00:06:29.795>for <00:06:29.995>a <00:06:30.123>data <00:06:30.372>center <00:06:30.747>that <00:06:30.902>could <00:06:31.067>have <00:06:31.257>consumed <00:06:31.812>nearly <00:06:32.235>2 <00:06:32.595>billion <00:06:32.925>gallons <00:06:33.328>of <00:06:33.488>water <00:06:33.835>a <00:06:33.979>year <00:06:34.267>from <00:06:34.448>Cedar <00:06:34.768>Creek

77
00:06:35.099 --> 00:06:35.435
<v Quote>Lake.

78
00:06:35.835 --> 00:06:42.875
<v Quote>“Diode <00:06:36.679>Ventures <00:06:37.075>has <00:06:37.248>informed <00:06:37.715>Henderson <00:06:38.132>County <00:06:38.507>that <00:06:38.667>they <00:06:38.827>will <00:06:38.995>not <00:06:39.184>pursue <00:06:39.615>the <00:06:39.728>proposed <00:06:40.203>data <00:06:40.441>center <00:06:40.762>development <00:06:41.328>at <00:06:41.455>the <00:06:41.595>Key <00:06:41.902>Ranch/Cedar <00:06:42.608>Creek

79
00:06:42.923 --> 00:06:48.955
<v Quote>Lake <00:06:43.177>location,” <00:06:44.115>Henderson <00:06:44.509>County <00:06:44.758>Commissioner <00:06:45.328>Wendy <00:06:45.675>Spivey <00:06:46.195>wrote <00:06:46.443>Wednesday <00:06:46.928>in <00:06:47.088>an <00:06:47.248>email <00:06:47.568>to <00:06:47.695>the <00:06:47.803>Star-Telegram

80
00:06:48.989 --> 00:06:51.035
<v Quote>saying <00:06:49.235>she <00:06:49.395>was <00:06:49.568>happy <00:06:49.862>to <00:06:49.965>receive <00:06:50.347>that <00:06:50.555>news.

81
00:06:51.403 --> 00:06:59.723
<v Matt>Five <00:06:51.783>million <00:06:52.273>gallons <00:06:52.803>a <00:06:52.943>day, <00:06:53.643>nearly <00:06:54.183>two <00:06:54.453>billion <00:06:55.163>a <00:06:55.339>year, <00:06:56.089>pulled <00:06:56.403>out <00:06:56.550>of <00:06:56.670>Cedar <00:06:57.056>Creek <00:06:57.387>Lake <00:06:57.703>for <00:06:57.943>cooling <00:06:58.403>and <00:06:58.590>power <00:06:58.981>generation.

82
00:07:00.016 --> 00:07:04.230
<v Matt>Diode <00:07:00.807>Ventures <00:07:01.243>just <00:07:01.632>walked. <00:07:02.854>Called <00:07:02.950>it <00:07:03.103>off.

83
00:07:04.240 --> 00:07:08.203
<v Sarah>Look <00:07:04.310>at <00:07:04.383>the <00:07:04.483>route <00:07:04.731>they <00:07:04.987>took: <00:07:05.823>the <00:07:05.931>municipal <00:07:06.433>utility <00:07:06.967>district <00:07:07.393>stalled

84
00:07:08.283 --> 00:07:10.763
<v Sarah>so <00:07:08.550>Diode <00:07:08.971>went <00:07:09.199>straight <00:07:09.510>to <00:07:09.603>Tarrant <00:07:10.016>Regional

85
00:07:10.803 --> 00:07:12.603
<v Sarah>which <00:07:11.065>actually <00:07:11.643>owns <00:07:11.983>the <00:07:12.123>water.

86
00:07:12.779 --> 00:07:15.536
<v Sarah>That <00:07:13.523>tells <00:07:13.743>you <00:07:13.843>how <00:07:14.043>badly <00:07:14.491>they <00:07:14.729>wanted <00:07:15.083>it.

87
00:07:15.536 --> 00:07:21.563
<v Matt>Right, <00:07:16.463>and <00:07:16.563>the <00:07:16.729>county <00:07:17.040>commissioner <00:07:17.531>didn't <00:07:17.843>get <00:07:18.043>a <00:07:18.163>press <00:07:18.443>release — <00:07:19.203>she <00:07:19.363>got <00:07:19.510>an <00:07:19.656>email <00:07:20.180>saying <00:07:20.587>they're <00:07:21.103>out.

88
00:07:22.184 --> 00:07:28.444
<v Matt>The <00:07:22.260>residents <00:07:22.824>did <00:07:23.024>the <00:07:23.142>arithmetic <00:07:23.764>the <00:07:23.940>developer <00:07:24.478>wouldn't <00:07:24.804>put <00:07:24.977>on <00:07:25.151>paper, <00:07:26.064>and <00:07:26.144>the <00:07:26.277>arithmetic <00:07:27.073>killed <00:07:27.564>it.

89
00:07:28.471 --> 00:07:30.604
<v Sarah>It's <00:07:28.644>a <00:07:28.737>clean <00:07:29.084>win <00:07:29.364>for <00:07:29.504>the <00:07:29.608>pressure <00:07:30.026>playbook.

90
00:07:30.784 --> 00:07:34.924
<v Sarah>But <00:07:31.374>nothing <00:07:31.772>here <00:07:32.028>says <00:07:32.311>where <00:07:32.484>those <00:07:32.744>two <00:07:32.984>billion <00:07:33.464>gallons <00:07:33.937>go <00:07:34.156>next.

91
00:07:35.084 --> 00:07:38.330
<v Sarah>Diode <00:07:35.690>walked <00:07:36.012>from <00:07:36.252>this <00:07:36.508>lake, <00:07:37.064>not <00:07:37.276>from <00:07:37.424>the <00:07:37.551>buildout.

92
00:07:38.330 --> 00:07:41.564
<v Matt>Sure, <00:07:38.780>they'll <00:07:39.052>shop <00:07:39.284>the <00:07:39.468>load <00:07:39.764>somewhere <00:07:40.156>with <00:07:40.324>a <00:07:40.424>quieter <00:07:40.908>shoreline.

93
00:07:41.744 --> 00:07:47.084
<v Matt>But <00:07:42.364>today, <00:07:43.124>a <00:07:43.212>community <00:07:43.708>read <00:07:43.984>the <00:07:44.111>water <00:07:44.508>math <00:07:44.844>out <00:07:45.164>loud <00:07:45.584>and <00:07:45.924>a <00:07:46.034>project <00:07:46.593>folded.

94
00:07:47.759 --> 00:07:49.487
<v Matt>That's <00:07:48.015>rare <00:07:48.241>enough <00:07:48.500>to <00:07:48.667>say <00:07:48.907>plainly.

95
00:07:50.661 --> 00:07:53.141
<v Sarah>From <00:07:50.874>Shane <00:07:51.221>Snider <00:07:51.754>at <00:07:51.925>Data <00:07:52.227>Center <00:07:52.557>Knowledge:

96
00:07:53.746 --> 00:08:03.986
<v Quote>Imperial <00:07:54.283>Valley <00:07:54.679>Computer <00:07:55.169>Manufacturing <00:07:56.186>(IVCM) <00:07:57.746>is <00:07:57.959>suing <00:07:58.246>the <00:07:58.377>Imperial <00:07:59.006>Irrigation <00:07:59.639>District <00:08:00.266>(IID) <00:08:01.686>after <00:08:02.006>the <00:08:02.126>utility <00:08:02.603>denied <00:08:02.966>the <00:08:03.076>company’s <00:08:03.566>request

97
00:08:04.026 --> 00:08:08.706
<v Quote>for <00:08:04.199>about <00:08:04.546>260 <00:08:05.626>million <00:08:05.966>gallons <00:08:06.439>of <00:08:06.608>Colorado <00:08:07.146>River <00:08:07.399>water <00:08:07.726>per <00:08:07.986>year

98
00:08:08.759 --> 00:08:11.906
<v Quote>or <00:08:08.916>roughly <00:08:09.346>750,000 <00:08:10.836>gallons <00:08:11.226>per <00:08:11.446>day

99
00:08:11.959 --> 00:08:16.786
<v Quote>to <00:08:12.130>cool <00:08:12.426>a <00:08:12.516>planned <00:08:13.026>330 <00:08:14.066>MW <00:08:14.653>AI <00:08:14.930>data <00:08:15.243>center <00:08:15.639>in <00:08:15.799>Imperial <00:08:16.295>County.

100
00:08:17.006 --> 00:08:25.186
<v Quote>The <00:08:17.730>case <00:08:18.053>tests <00:08:18.426>whether <00:08:18.773>water <00:08:19.155>historically <00:08:19.810>used <00:08:20.106>for <00:08:20.286>agriculture <00:08:21.006>can <00:08:21.239>be <00:08:21.404>redirected <00:08:22.013>to <00:08:22.124>industrial <00:08:22.777>projects <00:08:23.397>envisioned <00:08:23.933>in <00:08:24.026>the <00:08:24.192>county’s <00:08:24.688>emerging

101
00:08:25.250 --> 00:08:26.626
<v Quote>Lithium <00:08:25.723>Valley <00:08:26.162>plan.

102
00:08:26.916 --> 00:08:35.316
<v Matt>IVCM <00:08:27.689>wants <00:08:28.036>260 <00:08:29.136>million <00:08:29.626>gallons <00:08:30.143>of <00:08:30.258>Colorado <00:08:30.809>River <00:08:31.129>water <00:08:31.476>a <00:08:31.636>year <00:08:32.143>to <00:08:32.596>cool <00:08:32.996>a <00:08:33.156>330-megawatt <00:08:34.676>campus.

103
00:08:35.449 --> 00:08:43.396
<v Matt>Their <00:08:36.183>pitch <00:08:36.596>is <00:08:36.772>that <00:08:36.868>they <00:08:37.065>leased <00:08:37.636>160 <00:08:38.663>acres <00:08:39.023>of <00:08:39.136>farmland <00:08:39.828>that <00:08:40.326>already <00:08:40.743>drank <00:08:41.116>about <00:08:41.364>that <00:08:41.620>much, <00:08:42.303>so <00:08:42.596>it's <00:08:42.956>a <00:08:43.124>wash.

104
00:08:43.756 --> 00:08:49.156
<v Matt>IID <00:08:44.900>said <00:08:45.289>no <00:08:45.636>on <00:08:45.836>May <00:08:46.116>1st. <00:08:47.116>Now <00:08:47.583>it's <00:08:47.903>in <00:08:48.023>court.

105
00:08:49.176 --> 00:08:53.956
<v Sarah>The <00:08:49.300>like-for-like <00:08:50.006>framing <00:08:50.409>is <00:08:50.573>clever: <00:08:51.453>retire <00:08:51.836>the <00:08:52.016>alfalfa, <00:08:52.896>reroute <00:08:53.336>the <00:08:53.476>water.

106
00:08:54.116 --> 00:09:02.916
<v Sarah>But <00:08:54.616>the <00:08:54.720>district <00:08:55.116>doesn't <00:08:55.456>buy <00:08:55.676>the <00:08:55.876>idea <00:08:56.228>that <00:08:56.436>a <00:08:56.560>physical <00:08:56.983>allotment <00:08:57.516>for <00:08:57.701>irrigation <00:08:58.416>can <00:08:58.660>just <00:08:58.996>legally <00:08:59.636>teleport <00:09:00.340>into <00:09:00.676>a <00:09:01.236>950,000-square-foot <00:09:02.660>data

107
00:09:02.996 --> 00:09:03.956
<v Sarah>hall.

108
00:09:04.004 --> 00:09:05.556
<v Matt>Look <00:09:04.223>at <00:09:04.296>the <00:09:04.423>split-screen <00:09:05.108>this <00:09:05.284>week.

109
00:09:05.796 --> 00:09:12.196
<v Matt>At <00:09:06.329>Cedar <00:09:06.649>Creek <00:09:06.980>Lake, <00:09:07.529>Diode <00:09:08.009>walks <00:09:08.356>away <00:09:08.743>after <00:09:09.124>residents <00:09:09.609>do <00:09:09.736>the <00:09:09.860>math <00:09:10.196>on <00:09:10.436>five <00:09:10.816>million <00:09:11.286>gallons <00:09:11.676>a <00:09:11.816>day.

110
00:09:12.356 --> 00:09:15.316
<v Matt>Here <00:09:13.023>in <00:09:13.138>Imperial, <00:09:14.025>nobody's <00:09:14.566>walking.

111
00:09:15.364 --> 00:09:20.990
<v Matt>They're <00:09:15.756>litigating <00:09:16.316>whether <00:09:16.676>ag <00:09:16.889>water <00:09:17.216>becomes <00:09:17.701>industrial <00:09:18.423>water <00:09:18.876>for <00:09:19.326>decades <00:09:19.983>of <00:09:20.100>Lithium <00:09:20.585>Valley.

112
00:09:20.990 --> 00:09:24.276
<v Sarah>Because <00:09:21.476>a <00:09:21.583>whole <00:09:21.763>development <00:09:22.338>strategy <00:09:22.903>rides <00:09:23.263>on <00:09:23.336>the <00:09:23.476>answer.

113
00:09:24.409 --> 00:09:32.196
<v Sarah>If <00:09:24.716>a <00:09:24.809>court <00:09:25.140>says <00:09:25.460>conserved <00:09:26.036>farm <00:09:26.409>water <00:09:26.716>can <00:09:26.889>be <00:09:27.054>redirected <00:09:27.663>to <00:09:27.787>industry, <00:09:28.788>that <00:09:28.966>becomes <00:09:29.336>the <00:09:29.449>template <00:09:29.916>for <00:09:30.116>every <00:09:30.596>campus <00:09:31.133>behind <00:09:31.556>it.

114
00:09:32.263 --> 00:09:35.316
<v Matt>Right, <00:09:32.896>but <00:09:33.126>calling <00:09:33.503>it <00:09:33.636>"conserved" <00:09:34.569>is <00:09:34.738>generous.

115
00:09:35.496 --> 00:09:37.956
<v Matt>The <00:09:36.098>Colorado <00:09:36.649>still <00:09:36.996>loses <00:09:37.416>the <00:09:37.543>water.

116
00:09:38.136 --> 00:09:40.756
<v Matt>All <00:09:38.692>that <00:09:38.826>changes <00:09:39.396>is <00:09:39.609>whose <00:09:39.929>straw <00:09:40.249>is <00:09:40.383>in <00:09:40.489>it.

117
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