WEBVTT

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<v Sarah>AI <00:00:00.469>demand <00:00:00.920>has <00:00:01.080>reached <00:00:01.400>the <00:00:01.573>stage <00:00:01.893>where <00:00:02.224>coal <00:00:02.538>retirement <00:00:03.173>dates <00:00:03.460>are <00:00:03.582>suddenly <00:00:04.147>negotiable.

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<v Sarah>Who <00:00:05.568>gets <00:00:05.806>handed <00:00:06.128>that <00:00:06.384>bill?

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<v Sarah>Before <00:00:08.213>we <00:00:08.380>get <00:00:08.613>to <00:00:08.773>today’s <00:00:09.173>development

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<v Sarah>Evergy <00:00:10.768>came <00:00:10.992>into <00:00:11.160>the <00:00:11.344>week <00:00:11.632>with <00:00:11.817>signed <00:00:12.211>agreements <00:00:12.760>for <00:00:13.120>3 <00:00:13.600>GW <00:00:14.107>of <00:00:14.224>data-center <00:00:14.864>load <00:00:15.189>across <00:00:15.669>Kansas <00:00:16.120>and <00:00:16.293>Missouri

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<v Sarah>including <00:00:17.840>2.5 <00:00:18.773>GW <00:00:19.240>under <00:00:19.480>its <00:00:19.680>large-load <00:00:20.387>power <00:00:20.770>service <00:00:21.189>tariff.

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<v Sarah>It <00:00:22.360>still <00:00:22.600>had <00:00:22.773>to <00:00:22.937>answer <00:00:23.340>how <00:00:23.573>it <00:00:23.707>would <00:00:23.886>secure <00:00:24.206>enough <00:00:24.533>dispatchable <00:00:25.191>capacity

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<v Sarah>especially <00:00:26.820>gas <00:00:27.182>turbines

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<v Sarah>to <00:00:28.213>serve <00:00:28.613>AI <00:00:28.960>demand <00:00:29.488>into <00:00:29.720>the <00:00:30.160>2030s <00:00:30.730>without <00:00:31.400>turning <00:00:31.747>interconnection <00:00:32.552>certainty <00:00:33.264>into <00:00:33.560>a <00:00:33.667>reliability <00:00:34.470>problem <00:00:35.173>or <00:00:35.653>sticking <00:00:36.128>ratepayers <00:00:36.752>with <00:00:36.920>the <00:00:37.152>cost.

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<v Matt>This <00:00:38.693>is <00:00:38.840>The <00:00:39.024>Data <00:00:39.326>Center <00:00:39.680>Daily.

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<v Matt>Today: <00:00:41.248>Evergy <00:00:41.664>coal <00:00:41.985>extensions, <00:00:43.200>PJM <00:00:43.749>reform, <00:00:44.600>and <00:00:44.800>grid <00:00:45.182>software <00:00:45.752>promising <00:00:46.467>extra <00:00:46.889>capacity.

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<v Matt>Same <00:00:48.856>expensive <00:00:49.413>question <00:00:49.880>running <00:00:50.190>through <00:00:50.460>all <00:00:50.667>of <00:00:50.773>it: <00:00:51.480>who <00:00:51.712>pays <00:00:52.192>when <00:00:52.340>the <00:00:52.480>load <00:00:52.867>shows <00:00:53.280>up?

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<v Matt>We'll <00:00:54.432>keep <00:00:54.613>tracking <00:00:55.072>this <00:00:55.280>story — <00:00:56.304>Evergy <00:00:56.784>data-center <00:00:57.440>load <00:00:57.820>and <00:00:58.100>gas <00:00:58.471>capacity.

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<v Matt>Follow <00:00:59.940>the <00:01:00.080>show <00:01:00.453>so <00:01:00.580>the <00:01:00.704>next <00:01:01.029>update <00:01:01.520>finds <00:01:01.980>you.

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<v Sarah>Latitude <00:01:03.804>Media, <00:01:04.396>with <00:01:04.584>Maeve <00:01:04.904>Allsup:

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<v Quote>The <00:01:06.109>utility <00:01:06.593>Evergy <00:01:07.222>is <00:01:07.386>asking <00:01:07.769>the <00:01:07.946>Kansas <00:01:08.336>Corporation <00:01:08.900>Commission <00:01:09.469>and <00:01:09.669>the <00:01:09.773>Missouri <00:01:10.175>Public <00:01:10.499>Service <00:01:10.893>Commission <00:01:11.429>for <00:01:11.780>permission <00:01:12.316>to <00:01:12.436>delay <00:01:12.789>the

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<v Quote>retirement <00:01:13.542>or <00:01:13.707>conversion <00:01:14.342>of <00:01:14.506>around <00:01:15.009>2.8 <00:01:15.689>gigawatts <00:01:16.236>of <00:01:16.353>coal <00:01:16.655>plants <00:01:16.986>across <00:01:17.349>the <00:01:17.478>states <00:01:17.969>by <00:01:18.182>at <00:01:18.329>least <00:01:18.609>five <00:01:19.009>years.

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<v Quote>Additionally, <00:01:20.817>Evergy <00:01:21.236>plans <00:01:21.596>to <00:01:21.689>build <00:01:21.969>5 <00:01:22.476>GW <00:01:22.876>of <00:01:22.969>new <00:01:23.154>generation, <00:01:24.017>including <00:01:24.529>3.9 <00:01:25.436>GW <00:01:25.862>of <00:01:26.019>natural <00:01:26.489>gas.

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<v Matt>Evergy <00:01:27.771>wants <00:01:28.124>the <00:01:28.264>Kansas <00:01:28.784>and <00:01:28.957>Missouri <00:01:29.437>commissions <00:01:30.077>to <00:01:30.248>keep <00:01:30.664>2.8 <00:01:31.804>gigawatts <00:01:32.637>of <00:01:32.824>coal <00:01:33.258>online <00:01:34.064>for <00:01:34.477>at <00:01:34.651>least <00:01:35.080>five <00:01:35.531>extra <00:01:35.984>years <00:01:36.637>while <00:01:36.948>building <00:01:37.544>3.9

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<v Matt>gigawatts <00:01:39.224>of <00:01:39.504>gas. <00:01:40.184>That’s <00:01:40.944>the <00:01:41.224>AI <00:01:41.611>power <00:01:42.011>stack: <00:01:43.032>coal <00:01:43.293>plants <00:01:43.720>that <00:01:43.816>were <00:01:43.984>meant <00:01:44.211>to <00:01:44.344>retire, <00:01:45.400>plus <00:01:45.880>more <00:01:46.329>combustion.

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<v Sarah>Evergy’s <00:01:48.488>data-center <00:01:49.048>contracts <00:01:49.684>now <00:01:49.912>come <00:01:50.136>with <00:01:50.304>a <00:01:50.404>request <00:01:50.877>to <00:01:51.048>keep <00:01:51.384>2.8 <00:01:52.397>GW <00:01:52.851>of <00:01:52.984>coal <00:01:53.361>around <00:01:53.773>longer.

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<v Sarah>Latitude <00:01:55.528>says <00:01:55.816>more <00:01:55.976>than <00:01:56.264>2 <00:01:56.637>GW <00:01:57.091>of <00:01:57.192>data-center <00:01:57.771>deals <00:01:58.224>are <00:01:58.653>signed <00:01:59.104>under <00:01:59.368>Evergy’s <00:01:59.931>large-load <00:02:00.664>tariffs

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<v Sarah>and <00:02:01.841>Google’s <00:02:02.504>710 <00:02:03.704>MW <00:02:04.241>Kansas <00:02:04.632>City <00:02:04.895>contract <00:02:05.571>is <00:02:05.839>specifically <00:02:06.597>named.

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<v Matt>And <00:02:08.064>the <00:02:08.244>commissions <00:02:08.927>should <00:02:09.112>make <00:02:09.368>Evergy <00:02:09.904>spell <00:02:10.164>out <00:02:10.364>the <00:02:10.504>bill.

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<v Matt>If <00:02:11.744>these <00:02:12.024>coal <00:02:12.411>units <00:02:12.792>stay <00:02:13.064>open <00:02:13.437>to <00:02:13.597>serve <00:02:13.910>Google-scale <00:02:14.664>load

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<v Matt>does <00:02:15.644>the <00:02:15.773>tariff <00:02:16.244>recover <00:02:16.684>the <00:02:16.797>carrying <00:02:17.320>cost

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<v Matt>or <00:02:18.397>do <00:02:18.566>ordinary <00:02:19.144>Kansas <00:02:19.664>and <00:02:19.828>Missouri <00:02:20.240>customers <00:02:20.804>get <00:02:21.041>handed <00:02:21.404>the <00:02:21.533>backup <00:02:22.044>tab?

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<v Matt>Put <00:02:23.368>that <00:02:23.677>in <00:02:23.804>the <00:02:23.912>rate-case <00:02:24.486>language.

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<v Sarah>A <00:02:26.326>pipeline <00:02:26.877>slide <00:02:27.197>is <00:02:27.344>one <00:02:27.531>thing; <00:02:28.317>an <00:02:28.486>executed <00:02:29.034>service <00:02:29.424>agreement <00:02:29.864>is <00:02:30.074>another.

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<v Sarah>The <00:02:31.213>filing <00:02:31.672>says <00:02:31.904>the <00:02:32.088>path <00:02:32.384>has <00:02:32.550>become <00:02:32.872>more <00:02:33.134>certain, <00:02:33.984>and <00:02:34.124>the <00:02:34.242>measurable <00:02:34.891>consequence <00:02:35.704>is <00:02:35.944>a <00:02:36.184>2.8-GW <00:02:37.704>coal-retirement <00:02:38.757>delay.

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<v Sarah>Here's <00:02:40.679>Federal <00:02:41.021>Register:

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<v Quote>Pursuant <00:02:43.868>to <00:02:44.025>section <00:02:44.455>385.601(a) <00:02:46.962>of <00:02:47.055>the <00:02:47.211>Commission's <00:02:48.008>regulations

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<v Quote>commencing <00:02:49.148>on <00:02:49.295>September <00:02:49.815>1 <00:02:50.215>2026

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<v Quote>the <00:02:51.548>Director <00:02:52.002>of <00:02:52.115>Dispute <00:02:52.506>Resolution <00:02:53.086>Services <00:02:53.815>(DRS) <00:02:54.967>will <00:02:55.152>convene <00:02:55.555>a <00:02:55.642>forum <00:02:56.028>to <00:02:56.193>facilitate <00:02:56.819>interest-based <00:02:57.542>discussions <00:02:58.108>on <00:02:58.277>proposed <00:02:58.835>reforms <00:02:59.308>to <00:02:59.575>PJM's

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<v Quote>governance <00:03:00.575>and <00:03:00.748>stakeholder <00:03:01.247>processes.

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<v Quote>The <00:03:02.751>objective <00:03:03.282>of <00:03:03.355>the <00:03:03.482>forum <00:03:03.895>is <00:03:04.082>to <00:03:04.192>gather <00:03:04.597>feedback <00:03:05.111>from <00:03:05.362>PJM <00:03:05.865>members <00:03:06.235>and <00:03:06.350>stakeholders

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<v Quote>identify <00:03:08.042>areas <00:03:08.402>of <00:03:08.511>consensus <00:03:09.035>and <00:03:09.153>divergence

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<v Quote>and <00:03:10.286>evaluate <00:03:10.906>actionable <00:03:11.485>reforms <00:03:12.002>to <00:03:12.112>inform <00:03:12.495>a <00:03:12.581>future <00:03:12.924>filing.

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<v Sarah>FERC <00:03:14.344>has <00:03:14.524>put <00:03:14.757>dates <00:03:15.077>on <00:03:15.371>PJM’s <00:03:15.955>governance <00:03:16.531>fight: <00:03:17.472>post-conference <00:03:18.277>comments <00:03:18.771>close <00:03:19.173>August <00:03:19.664>21

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<v Sarah>then <00:03:21.184>its <00:03:21.484>dispute-resolution <00:03:22.531>staff <00:03:22.933>convenes <00:03:23.464>the <00:03:23.641>reform <00:03:24.064>forum <00:03:24.520>September <00:03:25.184>1.

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<v Sarah>A <00:03:26.401>forum <00:03:26.921>to <00:03:27.085>inform <00:03:27.468>a <00:03:27.565>future <00:03:27.999>filing—efficiently <00:03:29.579>indirect, <00:03:30.368>but <00:03:30.655>at <00:03:30.908>least <00:03:31.135>it <00:03:31.248>has <00:03:31.508>dates.

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<v Matt>Good. <00:03:33.298>Put <00:03:33.528>the <00:03:33.652>July <00:03:34.068>22 <00:03:34.564>load-drop <00:03:35.316>data <00:03:35.588>on <00:03:35.796>that <00:03:36.041>table.

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<v Matt>More <00:03:36.996>than <00:03:37.348>3 <00:03:37.668>gigawatts <00:03:38.335>of <00:03:38.452>data-center <00:03:39.108>load <00:03:39.508>fell <00:03:39.888>off <00:03:40.255>PJM <00:03:40.834>during <00:03:41.156>that <00:03:41.415>fault; <00:03:42.370>stakeholders <00:03:43.131>should <00:03:43.321>be <00:03:43.472>debating <00:03:43.908>ride-through <00:03:44.535>obligations <00:03:45.337>before

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<v Matt>they <00:03:45.968>approve <00:03:46.438>another <00:03:46.868>giant <00:03:47.332>load <00:03:47.668>request.

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<v Sarah>Evergy’s <00:03:49.485>filing <00:03:49.868>makes <00:03:50.100>this <00:03:50.292>feel <00:03:50.628>a <00:03:50.788>lot <00:03:51.092>less <00:03:51.406>procedural.

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<v Sarah>Large-load <00:03:53.340>contracts <00:03:54.008>are <00:03:54.121>changing <00:03:54.606>generation <00:03:55.255>plans <00:03:55.615>in <00:03:55.704>commission <00:03:56.132>dockets

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<v Sarah>and <00:03:57.348>PJM’s <00:03:57.975>stakeholder <00:03:58.612>machinery <00:03:59.308>has <00:03:59.721>until <00:04:00.045>August <00:04:00.468>21 <00:04:01.055>to <00:04:01.300>show <00:04:01.455>it <00:04:01.548>can <00:04:01.732>move <00:04:02.057>faster <00:04:02.500>than <00:04:02.668>committee <00:04:03.108>speed.

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<v Matt>September <00:04:04.788>1 <00:04:05.108>is <00:04:05.288>the <00:04:05.428>test.

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<v Matt>If <00:04:06.488>the <00:04:06.615>forum <00:04:07.010>produces <00:04:07.558>another <00:04:07.972>consensus <00:04:08.628>memo <00:04:08.988>while <00:04:09.208>the <00:04:09.335>queue <00:04:09.735>stays <00:04:10.148>jammed, <00:04:10.996>grid <00:04:11.244>operators <00:04:11.808>get <00:04:12.060>paperwork <00:04:12.768>and <00:04:12.996>everybody <00:04:13.492>else <00:04:13.812>gets <00:04:14.088>the <00:04:14.244>risk.

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<v Sarah>Utility <00:04:16.107>Dive <00:04:16.432>writes:

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<v Quote>Utility <00:04:18.059>Dive <00:04:18.419>has <00:04:18.595>spotlighted <00:04:19.299>OATI <00:04:19.659>PowerNow

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<v Quote>an <00:04:20.903>initiative <00:04:21.392>designed <00:04:21.846>to <00:04:21.947>help <00:04:22.203>utilities <00:04:22.799>and <00:04:22.923>grid <00:04:23.235>operators <00:04:23.830>unlock <00:04:24.459>10–20% <00:04:25.547>more <00:04:25.788>transmission <00:04:26.450>capacity <00:04:27.051>from <00:04:27.232>existing <00:04:27.707>infrastructure.

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<v Quote>The <00:04:29.219>article <00:04:29.559>arrives <00:04:30.032>as <00:04:30.203>data <00:04:30.529>centers, <00:04:31.232>domestic <00:04:31.716>manufacturing, <00:04:32.745>electrification, <00:04:33.999>and <00:04:34.112>other <00:04:34.446>large <00:04:34.859>loads <00:04:35.328>intensify <00:04:36.048>demand <00:04:36.499>for <00:04:36.679>new <00:04:36.923>grid <00:04:37.250>capacity.

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<v Sarah>OATI <00:04:38.874>says <00:04:39.197>PowerNow <00:04:39.810>can <00:04:40.010>unlock <00:04:40.490>10 <00:04:40.783>to <00:04:40.970>20% <00:04:41.674>more <00:04:42.010>capacity <00:04:42.746>from <00:04:43.210>wires <00:04:43.670>already <00:04:44.143>in <00:04:44.320>service.

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<v Sarah>It <00:04:45.594>uses <00:04:45.920>dynamic <00:04:46.474>line <00:04:46.790>ratings, <00:04:47.594>near-real-time <00:04:48.552>coordination, <00:04:49.750>and <00:04:50.117>AI <00:04:50.588>dispatch.

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<v Sarah>Useful? <00:04:53.100>Potentially.

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<v Sarah>It <00:04:54.530>doesn’t <00:04:54.850>build <00:04:55.090>new <00:04:55.272>transmission.

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<v Matt>A <00:04:57.130>100-to-200% <00:04:59.037>shift <00:04:59.423>on <00:04:59.610>one <00:04:59.903>constrained <00:05:00.554>line <00:05:00.870>can <00:05:01.103>sound <00:05:01.437>spectacular.

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<v Matt>Then <00:05:03.230>ask <00:05:03.570>whether <00:05:03.882>that <00:05:04.058>headroom <00:05:04.472>survives <00:05:04.990>the <00:05:05.110>contingency <00:05:05.832>standard <00:05:06.383>on <00:05:06.530>a <00:05:06.650>hot <00:05:06.959>August <00:05:07.426>afternoon.

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<v Matt>Operators <00:05:09.370>can’t <00:05:09.743>interconnect <00:05:10.370>a <00:05:10.570>300-megawatt <00:05:11.530>load <00:05:11.903>on <00:05:12.050>a <00:05:12.152>software <00:05:12.730>demo.

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<v Sarah>Exactly. <00:05:14.826>What <00:05:15.100>matters <00:05:15.530>is <00:05:15.752>capacity <00:05:16.282>that <00:05:16.479>clears <00:05:16.957>reliability <00:05:17.747>review, <00:05:18.550>not <00:05:18.770>a <00:05:18.857>theoretical <00:05:19.427>figure <00:05:19.837>after <00:05:20.210>a <00:05:20.296>rating <00:05:20.610>limit <00:05:20.900>changes.

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<v Sarah>OATI <00:05:22.943>is <00:05:23.103>pointing <00:05:23.557>to <00:05:23.650>a <00:05:23.786>real <00:05:24.237>operational <00:05:25.050>tool; <00:05:25.870>the <00:05:25.983>queue <00:05:26.303>needs <00:05:26.570>a <00:05:26.616>number <00:05:26.943>it <00:05:27.090>can <00:05:27.274>bank <00:05:27.637>on.

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<v Matt>PJM’s <00:05:29.343>dates <00:05:29.630>are <00:05:29.747>August <00:05:30.170>21 <00:05:30.690>for <00:05:30.872>comments <00:05:31.430>and <00:05:31.650>September <00:05:32.170>1 <00:05:32.450>for <00:05:32.590>the <00:05:32.717>forum.

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<v Matt>Put <00:05:34.080>dynamic <00:05:34.630>ratings <00:05:35.070>and <00:05:35.210>redispatch <00:05:35.978>into <00:05:36.210>the <00:05:36.370>interconnection <00:05:37.050>rules, <00:05:37.823>or <00:05:37.962>they <00:05:38.147>remain <00:05:38.570>a <00:05:38.746>very <00:05:39.190>elegant <00:05:39.690>way <00:05:39.983>to <00:05:40.159>admire <00:05:40.610>the <00:05:40.794>same <00:05:41.110>congested <00:05:41.706>wire.

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<v Sarah>Financial <00:05:43.222>Standard, <00:05:43.502>with <00:05:43.782>Vinny <00:05:44.342>Vucago:

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<v Quote>Centuria <00:05:45.508>Capital <00:05:45.981>Group <00:05:46.328>and <00:05:46.701>AI <00:05:47.016>infrastructure <00:05:47.741>business <00:05:48.275>ResetData <00:05:49.144>have <00:05:49.560>partnered <00:05:49.896>with <00:05:50.228>CDC <00:05:50.712>Data <00:05:51.032>Centres <00:05:51.501>to <00:05:51.668>develop <00:05:52.221>AI <00:05:52.552>data <00:05:52.854>centre

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<v Quote>infrastructure. <00:05:54.148>The <00:05:54.630>entities <00:05:55.144>have <00:05:55.268>secured <00:05:55.748>new <00:05:55.981>power <00:05:56.328>capacity <00:05:57.028>and <00:05:57.288>$165 <00:05:58.678>million <00:05:59.501>in <00:05:59.768>GPU <00:06:00.320>financing.

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<v Quote>Centuria <00:06:02.275>which <00:06:02.448>holds <00:06:02.688>a <00:06:02.888>50% <00:06:03.492>interest <00:06:03.901>in <00:06:04.075>ResetData

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<v Quote>said <00:06:05.308>the <00:06:05.417>developments <00:06:06.048>build <00:06:06.275>on <00:06:06.381>initiatives <00:06:07.021>outlined <00:06:07.482>during <00:06:07.728>its <00:06:07.928>June <00:06:08.328>2026 <00:06:09.185>equity <00:06:09.598>raising <00:06:10.208>and <00:06:10.588>are <00:06:10.701>intended <00:06:11.155>to <00:06:11.258>support <00:06:11.628>the <00:06:11.752>next <00:06:12.048>stage <00:06:12.275>of

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<v Quote>business.

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<v Matt>Centuria and ResetData have a signed 7-megawatt services agreement with CDC.

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<v Matt>The jump to 10 megawatts is an LOI, though, so keep those two numbers separate.

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<v Sarah>Then there’s 72 megawatts of dedicated generation units due in 2028, plus a $165 million senior bridge facility for GPUs.

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<v Sarah>Very different timelines and assets, all bundled into one ambitious sentence.

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<v Matt>The build right now is seven megawatts.

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<v Matt>The 72-megawatt power equipment arrives in 2028.

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<v Matt>Calling that a two-year acceleration depends on sites

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<v Matt>fuel interconnection

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<v Matt>and operating permits all cooperating—which is a fairly crowded ‘if.’

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<v Sarah>Credit where it’s due: an executed CDC agreement and executed GPU-financing documents carry more weight than a slide deck.

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<v Sarah>But revenue is only targeted for the second half of FY27, and the expansion still depends on demand turning into contracted capacity.

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<v Sarah>CVC <00:07:19.010>writes:

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<v Quote>CVC <00:07:21.907>DIF <00:07:22.767>the <00:07:22.864>infrastructure <00:07:23.440>business <00:07:23.894>of <00:07:23.997>leading <00:07:24.404>global <00:07:24.797>private <00:07:25.197>markets <00:07:25.597>manager <00:07:26.107>CVC

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<v Quote>has <00:07:27.353>agreed <00:07:27.680>to <00:07:27.837>acquire <00:07:28.227>a <00:07:28.320>significant <00:07:28.960>majority <00:07:29.454>stake <00:07:29.814>in <00:07:29.934>firstcolo <00:07:30.637>Holding <00:07:31.227>GmbH <00:07:32.267>(“firstcolo”)

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<v Quote>a <00:07:33.597>leading <00:07:34.003>Frankfurt-based <00:07:34.907>colocation <00:07:35.611>data <00:07:35.913>centre <00:07:36.258>operator

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<v Quote>from <00:07:37.387>Cube <00:07:37.750>Infrastructure <00:07:38.418>Managers.

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<v Quote>The <00:07:39.838>investment <00:07:40.363>will <00:07:40.480>be <00:07:40.635>made <00:07:40.847>through <00:07:41.147>DIF <00:07:41.694>Value <00:07:42.087>Add <00:07:42.507>IV <00:07:43.047>and <00:07:43.254>is <00:07:43.369>expected <00:07:43.894>to <00:07:44.000>close <00:07:44.320>by <00:07:44.447>the <00:07:44.547>end <00:07:44.694>of <00:07:44.795>September <00:07:45.307>2026, <00:07:46.707>subject <00:07:47.014>to <00:07:47.115>customary <00:07:47.598>conditions.

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<v Matt>CVC <00:07:49.381>DIF <00:07:50.101>is <00:07:50.318>buying <00:07:50.725>into <00:07:51.061>a <00:07:51.197>Frankfurt <00:07:51.772>operator <00:07:52.421>with <00:07:52.841>two <00:07:53.221>near-full <00:07:54.005>data <00:07:54.321>centers <00:07:54.861>and <00:07:55.253>more <00:07:55.413>than <00:07:55.701>350 <00:07:56.792>enterprise <00:07:57.365>customers.

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<v Matt>It <00:07:58.410>starts <00:07:58.869>with <00:07:59.141>24 <00:07:59.834>MW <00:08:00.341>at <00:08:00.681>FRA7.

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<v Matt>That’s <00:08:02.501>an <00:08:02.741>actual <00:08:03.277>operating <00:08:03.852>platform, <00:08:04.701>not <00:08:04.861>a <00:08:04.958>render <00:08:05.349>with <00:08:05.681>a <00:08:05.861>heroic <00:08:06.157>adjective.

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<v Sarah>The <00:08:07.701>deal <00:08:07.981>structure <00:08:08.421>is <00:08:08.634>clear: <00:08:09.421>a <00:08:09.501>significant <00:08:09.994>majority <00:08:10.474>stake <00:08:10.771>through <00:08:11.141>DIF <00:08:11.714>Value <00:08:12.241>Add <00:08:12.634>IV, <00:08:13.413>with <00:08:13.601>closing <00:08:14.083>expected <00:08:14.634>by <00:08:14.761>the <00:08:14.881>end <00:08:15.088>of <00:08:15.205>September.

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<v Sarah>Frankfurt <00:08:16.810>supply <00:08:17.274>is <00:08:17.441>constrained, <00:08:18.528>so <00:08:18.901>24 <00:08:19.674>MW <00:08:20.141>there <00:08:20.401>carries <00:08:20.885>more <00:08:21.205>strategic <00:08:21.838>weight <00:08:22.277>than <00:08:22.701>a <00:08:22.805>much <00:08:23.130>larger <00:08:23.608>speculative <00:08:24.398>campus <00:08:24.797>elsewhere.

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<v Matt>Two <00:08:26.559>facilities <00:08:27.181>are <00:08:27.361>already <00:08:27.845>near <00:08:28.161>utilization

93
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<v Matt>so <00:08:29.621>CVC <00:08:30.245>gets <00:08:30.521>the <00:08:30.625>customer <00:08:31.061>base

94
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<v Matt>the <00:08:31.829>Frankfurt <00:08:32.317>footprint

95
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<v Matt>and <00:08:33.501>a <00:08:33.598>growth <00:08:34.011>project <00:08:34.549>with <00:08:34.841>a <00:08:34.981>very <00:08:35.212>specific <00:08:35.941>24-megawatt <00:08:37.114>first <00:08:37.461>step.

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<v Sarah>Compared <00:08:39.173>with <00:08:39.321>the <00:08:39.432>Australian <00:08:39.989>item <00:08:40.234>we <00:08:40.389>just <00:08:40.641>covered

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<v Sarah>the <00:08:41.581>key <00:08:41.754>point <00:08:42.085>here <00:08:42.394>is <00:08:42.549>that <00:08:42.821>24 <00:08:43.594>MW <00:08:44.048>of <00:08:44.154>development

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<v Sarah>two <00:08:45.445>operating <00:08:46.088>sites <00:08:46.781>and <00:08:46.949>more <00:08:47.173>than <00:08:47.461>350 <00:08:48.397>customers <00:08:49.061>all <00:08:49.621>sit <00:08:49.914>in <00:08:50.041>the <00:08:50.165>same <00:08:50.492>business.

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<v Host>Got <00:08:52.342>feedback, <00:08:53.171>a <00:08:53.304>story <00:08:53.551>idea, <00:08:54.084>or <00:08:54.351>a <00:08:54.540>correction?

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<v Host>Email <00:08:56.111>us <00:08:56.324>at <00:08:56.511>datacenterdaily <00:08:57.578>at <00:08:57.691>lantern <00:08:58.200>podcasts <00:08:58.971>dot <00:08:59.251>com.

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<v Host>Your <00:09:00.404>notes <00:09:00.703>help <00:09:00.884>us <00:09:01.023>make <00:09:01.171>The <00:09:01.295>Data <00:09:01.597>Center <00:09:01.924>Daily <00:09:02.248>better.

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<v Host>Looking <00:09:03.653>ahead: <00:09:04.661>post-conference <00:09:05.315>comments <00:09:05.840>in <00:09:05.973>FERC’s <00:09:06.506>PJM <00:09:06.897>governance <00:09:07.386>docket <00:09:08.013>are <00:09:08.433>due <00:09:08.670>August <00:09:09.093>21.

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<v Host>FERC’s <00:09:10.897>Director <00:09:11.306>of <00:09:11.473>Dispute <00:09:11.864>Resolution <00:09:12.444>Services <00:09:13.093>is <00:09:13.301>scheduled <00:09:13.760>to <00:09:13.870>convene <00:09:14.313>the <00:09:14.506>PJM <00:09:14.969>governance <00:09:15.402>reform <00:09:15.880>forum <00:09:16.253>beginning <00:09:16.653>September <00:09:17.173>1.

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<v Host>CVC <00:09:18.973>DIF <00:09:19.553>expects <00:09:20.013>the <00:09:20.186>firstcolo <00:09:20.913>acquisition <00:09:21.600>to <00:09:21.733>close <00:09:22.186>by <00:09:22.313>the <00:09:22.413>end <00:09:22.560>of <00:09:22.669>September, <00:09:23.783>subject <00:09:24.160>to <00:09:24.277>customary <00:09:24.926>conditions.

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<v Host>Links <00:09:26.720>to <00:09:26.813>every <00:09:27.080>story <00:09:27.453>are <00:09:27.600>in <00:09:27.673>the <00:09:27.781>show <00:09:28.040>notes <00:09:28.400>if <00:09:28.473>you <00:09:28.565>want <00:09:28.720>to <00:09:28.826>go <00:09:29.002>deeper.

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<v Host>That’s <00:09:30.393>The <00:09:30.501>Data <00:09:30.739>Center <00:09:31.066>Daily <00:09:31.373>for <00:09:31.573>today.

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<v Host>This <00:09:33.013>is <00:09:33.213>a <00:09:33.313>Lantern <00:09:33.833>Podcast.