IND/04 · GRID OPERATIONS
Utilities & Power Providers
Intelligence for the inflection in load.
Independent read on AI, industrial and large-load formation — and on where transmission, generation and substations must expand to meet it.
Load
92.1 GW
Forecast load
118.5 GW
Reserve margin
14.2%
Generation
106 GW
Transmission
3 binding
Congestion
$41/MWh
Queue
47 GW
LMP
$49.36
Capacity
$269/MW-d
Large-load pipeline
21.8 GW
Modeled · illustrative composite · S&M synthesis of public ISO/RTO, EIA and utility filings · As of Oct 2026
05
Interactive load growth
Five forces rewriting the load forecast.
+4.4
2026
+9.4
2028
+15.4
2030
+21.1
2032
+26.0
2034
Incremental peak load (GW) over 2025 baseline, illustrative regional footprint. Toggle drivers to isolate their contribution.
Modeled · illustrative · not a live reading · As of Oct 2026
03
Utility planning scenario
92.1 GW today. 118.5 GW in the plan.
Current load
92.1 GW
Forecast · 2034
118.5 GW
Incremental load
+26.4 GW
Where infrastructure must expand
Transmission (345/765 kV)
74% of gap
~1,100 circuit-miles of new or rebuilt line
Substations
61% of gap
38 new or expanded stations
Firm generation
82% of gap
~19 GW accredited capacity
Distribution
43% of gap
Feeder reinforcement in 6 load pockets
Simulated planning scenario · illustrative footprint · not a utility filing
04
Critical pressure vectors
Nine planning modules.
Load Forecasting
86Comparative read on large-load formation across peers.
Large Load Intelligence
92Which announced loads are real, and when they arrive.
Infrastructure Planning
78Independent read on transmission and substation posture.
Transmission Constraints
84Binding elements and the upgrade calendar.
Generation Requirements
80Accredited capacity needed against forecast peak.
Economic Development Pipeline
64Industrial prospects by stage and probability.
Data Center Pipeline
90Hyperscale and colocation requests, de-duplicated.
Interconnection Pressure
82Queue composition, withdrawals and restudy risk.
Regional Growth
70Load pockets by county and substation.
06
System intelligence
Every load request touches the whole system.
Stock & Milster Intelligence Graph
07
Decision framework
Separating real load from speculative load.
- G1
Does the requester control land and capital?
PASSAdvance to study.
FLAGDiscount in forecast.
- G2
Is the request duplicated across utilities?
PASSDe-duplicate across territories.
FLAGCount at full probability.
- G3
Can existing transmission serve it at N-1?
PASSPlan distribution only.
FLAGTrigger transmission plan.
- G4
Does the tariff protect existing ratepayers?
PASSProceed.
FLAGRevise large-load terms.
08
How Stock & Milster helps
Independent intelligence for planning and executive teams.
Decision-grade deliverables
- D01Independent load growth read by territory
- D02Peer-utility posture comparison
- D03Large-load tariff and policy intelligence
- D04Data-center pipeline de-duplication
- D05Infrastructure planning support
Questions leadership brings to us
- How does our load formation compare to peers?
- What is the realistic cadence of AI load in our footprint?
- How are peers structuring large-load tariffs?
Stock & Milster advises on the decision. We do not sell the project. Engagements are scoped to geography, facilities and depth of analysis.
10 · EXECUTIVE ACCESS