ISO/05 · Southeastern United States
Vertically integrated, capacity-tight, AI-pressured.
Coal Retirements
~30+ GW
Hyperscale Pipeline
Surging
Market Structure
Bilateral
TERMINAL · ISO/05
LMP HEATMAP · $/MWh · 7D × 24H
MIN $14 · MAX $159QUEUE AGING · GW
Median age: 3.4y · trending +0.6y YoY
TOP CONSTRAINED NODES · 24H
FERC DOCKET STREAM
Capacity auction parameter update
TariffOrder 2023 queue reform compliance
QueueRTEP transmission expansion proposal
TransmissionAffected systems study protocol revision
ProcessCost allocation complaint — load zone
LitigationILLUSTRATIVE TERMINAL VIEW · PRODUCTION FEEDS UNDER NDA · REFRESH 5 MIN
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The Southeast operates outside an organized energy market, but is now one of the most strategically important regions in US infrastructure. Vertically integrated utilities (TVA, Southern Company, Duke, Dominion) face simultaneous AI load surge, industrial reshoring, and coal retirements — without an RTO clearinghouse to absorb the imbalance.
STRUCTURAL METRICS
LIVE-TRACKEDConstraint Map
N/01
CriticalHyperscale buildout; Plant Vogtle dispatch reshaping baseload picture.
N/02
CriticalMega-site industrial (Ford BlueOval) + data center asks colliding.
N/03
ElevatedNoVA spillover + Virginia data center expansion outside PJM.
N/04
ElevatedBMW expansion, Boeing, port-driven industrial load growth.
N/05
ElevatedBattery / EV manufacturing cluster; Duke IRP under stress.
Queue Dynamics
Interconnection process
Utility-by-utility (TVA GIS, Duke, Southern)
IRP cycles
3-year filing cadence (varies by state)
PPA market
Thin; utility offtake dominant
SEEM (Southeast Energy Exchange Market)
Limited 15-min bilateral matching
Themes
T/01
All-source RFPs, IRP-driven procurement, and utility ownership skew the developer playbook vs. RTO markets.
T/02
Without a queue clearinghouse, hyperscale asks land directly on utility capacity plans.
T/03
Replacement capacity (gas, solar, storage) timing is the central planning question across SERC.
T/04
TVA Board posture and federal policy alignment uniquely shape Tennessee Valley investment terms.
Rule Changes & Filings
Ongoing
Whether intra-hour matching evolves into a full energy market remains an open structural question.
2024
GA Power, Duke Carolinas, Dominion VA all updating capacity plans against AI load forecasts.
Ongoing
Southeast utilities developing distinct tariff structures for large flexible / co-located load.
Positioning
The Southeast does not have an RTO clearinghouse — which means every hyperscale ask, every reshoring announcement, and every coal retirement lands directly on the IRP of a vertically integrated utility. That structure is now the most consequential variable in US infrastructure capital deployment.
Buyer's Lens
Georgia Power, Duke, and Dominion all-source procurements clear bilaterally. The IPPs with shovel-ready, interconnection-confirmed pipelines aligned to specific IRP windows are winning multi-hundred-MW awards on terms that public-market peers cannot match.
TVA Board composition, federal policy alignment, and Memphis-area mega-site decisions create non-market risk that traditional utility diligence frameworks do not capture.
Ford BlueOval, NoVA spillover into Dominion-South, and Atlanta hyperscale clusters create coincident land + interconnection plays for acquirers who can move with utility IRP cycles.
Whether SEEM evolves toward a real intra-hour market is the structural swing factor for the next decade of Southeast investment.
Deliverables
Audience