ISO / RTO · MODELED TAPE
PJMDEM98.4GWFCST104.2GW+5.8LMP$49.36CONG$11.6●RES15.8%●TX8●MIXSrc: · · Upd Oct 10, 2026MISODEM76.5GWFCST84.9GW+8.4LMP$39.82CONG$18.7●RES17.4%●TX10●MIXSrc: · · Upd Oct 10, 2026ERCOTDEM58.9GWFCST66.1GW+7.2LMP$41.20CONG$9.8●RES7.6%●TX12●MIXSrc: · · Upd Oct 10, 2026SPPDEM31.7GWFCST36.2GW+4.5LMP$33.15CONG$6.4●RES21.6%●TX5●MIXSrc: · · Upd Oct 10, 2026CAISODEM27.2GWFCST33.5GW+6.3LMP$63.20CONG$13.9●RES11.4%●TX7●MIXSrc: · · Upd Oct 10, 2026NYISODEM16.1GWFCST19.0GW+2.9LMP$68.40CONG$10.3●RES14.1%●TX4●MIXSrc: · · Upd Oct 10, 2026ISO-NEDEM12.8GWFCST15.4GW+2.6LMP$57.10CONG$7.9●RES17.2%●TX3●MIXSrc: · · Upd Oct 10, 2026PJMDEM98.4GWFCST104.2GW+5.8LMP$49.36CONG$11.6●RES15.8%●TX8●MIXSrc: · · Upd Oct 10, 2026MISODEM76.5GWFCST84.9GW+8.4LMP$39.82CONG$18.7●RES17.4%●TX10●MIXSrc: · · Upd Oct 10, 2026ERCOTDEM58.9GWFCST66.1GW+7.2LMP$41.20CONG$9.8●RES7.6%●TX12●MIXSrc: · · Upd Oct 10, 2026SPPDEM31.7GWFCST36.2GW+4.5LMP$33.15CONG$6.4●RES21.6%●TX5●MIXSrc: · · Upd Oct 10, 2026CAISODEM27.2GWFCST33.5GW+6.3LMP$63.20CONG$13.9●RES11.4%●TX7●MIXSrc: · · Upd Oct 10, 2026NYISODEM16.1GWFCST19.0GW+2.9LMP$68.40CONG$10.3●RES14.1%●TX4●MIXSrc: · · Upd Oct 10, 2026ISO-NEDEM12.8GWFCST15.4GW+2.6LMP$57.10CONG$7.9●RES17.2%●TX3●MIXSrc: · · Upd Oct 10, 2026
SMStock & Milster

AI-LOAD / 03

AI Load Growth Tracker

Hyperscaler expansion, data center pipeline, semiconductor footprint and the compute demand reshaping U.S. power markets.

AI compute demand continues accelerating across major U.S. power marketsPJM DOM ZONE · DATA CENTER LOAD +24% YoYERCOT WEST · GIGASCALE INTERCONNECT REQUESTS DOUBLEMISO CENTRAL · NEW LARGE LOAD QUEUE +14 GWPHOENIX METRO · WATER-CONSTRAINED COOLING DESIGNS ADVANCINGAI compute demand continues accelerating across major U.S. power marketsPJM DOM ZONE · DATA CENTER LOAD +24% YoYERCOT WEST · GIGASCALE INTERCONNECT REQUESTS DOUBLEMISO CENTRAL · NEW LARGE LOAD QUEUE +14 GWPHOENIX METRO · WATER-CONSTRAINED COOLING DESIGNS ADVANCING

Hyperscaler Expansion

Microsoft

AZURE / OPENAI

Anchoring Wisconsin Mt. Pleasant and Ohio New Albany campuses; PPAs across PJM West.

ANNOUNCED CAPEX

$80B+ FY25

KEY REGIONS

WI · OH · WA · VA

Google

GCP / GEMINI

Heavy MISO and PJM East buildouts; advanced nuclear PPA execution.

ANNOUNCED CAPEX

$75B FY25

KEY REGIONS

IA · NE · OH · VA

AWS

TRAINIUM / BEDROCK

Mississippi $10B campus + Indiana New Carlisle build; co-located nuclear thesis active.

ANNOUNCED CAPEX

$100B+ FY25

KEY REGIONS

VA · MS · IN · OR

Meta

LLAMA / GENAI

Hyperion LA — multi-GW campus; ERCOT generation-adjacent siting.

ANNOUNCED CAPEX

$60–65B FY25

KEY REGIONS

LA · OH · TX

Oracle

OCI / OPENAI

Abilene Stargate; ERCOT-anchored co-development with OpenAI/SoftBank.

ANNOUNCED CAPEX

$25B+ FY25

KEY REGIONS

TX · WI · UT

OpenAI

STARGATE

Stargate gigascale campuses; first phase Abilene online 2025–2026.

ANNOUNCED CAPEX

$500B program

KEY REGIONS

TX · OH · NM

DC/PIPE/METData Center Pipeline · Metro
CACHED
SRC · Curated · public announcements—
LOAD/CAGRProjected 5-Yr Load CAGR by ISO
DERIVED
SRC · Synthesis · EIA + ISO IRPs—

SOURCE · U.S. Energy Information Administration · ISO IRPs · Public hyperscaler disclosures