Infrastructure is now a line item in the IRR.

Rank the portfolio by what the grid can do to it.

An attractive asset, before and after the grid.

Eight exposures that rarely appear in a CIM.

Capital sits inside a system.

Before IC, before exclusivity.

An independent lens that survives LP review.

Continue the analysis.

Know the infrastructure underneath the asset before you own it.

Pre-Acquisition Diligence

Portfolio Energy Exposure

Infrastructure Risk

Power-Market Exposure

Expansion Constraints

Capital Deployment

Site-Level Risk

Portfolio Opportunity

IND/03 · CAPITAL AT RISK

Private Equity & Infrastructure Capital

Power, transmission and utility posture can reprice an asset after close. We are the infrastructure intelligence layer before capital deploys.

Request an Infrastructure Intelligence Briefing

Assets screened

High power exposure

Utility upgrade risk

$84M

Markets

5 ISO/RTO

Top opportunity

Modeled · illustrative composite · S&M synthesis of public ISO/RTO, EIA and utility filings · As of Oct 2026

Investment exposure matrix

Sort by any column; hover to locate the asset geographically.

Hover an asset

Hypothetical portfolio · modeled scores 0–100 · not client data

What traditional financial diligence can miss

Headline EV / EBITDA

100

Limited capacity

-6

Transmission constraint

-5

Utility upgrade (customer-funded)

-9

Interconnection delay

-4

Tariff exposure

-7

Unplanned infra CAPEX

-8

Infrastructure-adjusted value

Illustrative index · hypothetical asset · not a client outcome

Critical pressure vectors

Infrastructure read on the target before exclusivity.

Cost and availability risk across holdings.

Substation, transmission and equipment exposure.

Capacity price and LMP sensitivity by ISO.

Whether the value-creation plan has a power path.

Sequencing deployment around the rate-case calendar.

Facility-by-facility service and tariff risk.

Where infrastructure position is a hidden advantage.

Geographic & relationship intelligence

Stock & Milster Intelligence Graph

Hover or tap a node

Decision framework

G1
Does each facility have firm service for the business plan?
PASSUnderwrite growth case.
FLAGHaircut expansion EBITDA.
G2
Is tariff and capacity-price exposure bounded?
PASSHold cost assumptions.
FLAGModel rate-case scenarios.
G3
Are customer-funded upgrades disclosed?
PASSPrice accordingly.
FLAGSeek indemnity or price adjustment.
G4
Does the exit buyer inherit infrastructure risk?
PASSMitigate in hold period.
FLAGPosition as an advantage at exit.

How Stock & Milster helps

Decision-grade deliverables

D01Acquisition energy due diligence memo
D02Portfolio-wide infrastructure risk register
D03Utility and rate-jurisdiction posture map
D04Pre-IC infrastructure screen
D05Executive risk & opportunity brief

Questions leadership brings to us

Which positions carry latent infrastructure risk?
Where is capital absorbed efficiently and where is it stranding?
What does the next 24 months of grid posture do to our IRRs?

Stock & Milster advises on the decision. We do not sell the project. Engagements are scoped to geography, facilities and depth of analysis.

Related intelligence

Company Intelligence

Dossiers on power-dependent operators.

Relationship Graph

Entities, utilities and capital connections.

ISO/RTO Markets

Nine major power markets compared.

Case Studies

Anonymized acquisition diligence.

10 · EXECUTIVE ACCESS

Colocation Portfolio · TX

Specialty Chemicals · LA

Battery Materials · AZ

Auto Components · OH

Packaging Mills · WI

Cold Chain Platform · GA

Request an Infrastructure Intelligence Briefing Discuss an Infrastructure Decision