Policy Cafe
US Power Infrastructure Intelligence
Avg LMP↑5.2%
$42.3$/MWh
Demand Deviation↓0.8%
2.1%%
Curtailment↑12.3%
0.8GWh
Generator Outages↑3.1%
22.4GW
Carbon Intensity↓1.4%
412.0gCO2/kWh
Effective PipelineE
what's actually getting built
14.2 GW
of 93 GW queued
93 GW
14.2 GW
ISO Queue DataHistorical Completion RatesDeveloper Track Record
Net Capacity TrajectoryE
is buildout keeping up?
-2.1 GW/yr
+8.4 GW new COD − 4.2 GW retired − 6.3 GW new load
+8.4GWnewCOD−4.2GWretired−6.3GWnewload
COD FilingsRetirement SchedulesLarge Load Announcements
Political Flashpoint IndexE
how close to restricting data centers
62
62
Legislative ActivityGrid StressCommunity SentimentUtility Posture
Avg Energization TimelineE
months from filing to power-on
54 mo
Queue: 18 | Studies: 12 | Permitting: 14 | Construction: 10
Queue: 18Studies: 12Permitting: 14Construction: 10
Queue DepthStudy DurationsState Permitting DataConstruction Benchmarks
Regional Heatmap
| Region | LMP | Demand | Curt. | Outages | Carbon | EP E | NCT E | PFI E | ETI E |
|---|---|---|---|---|---|---|---|---|---|
| PJM | $42.3 | 2.1% | 0.8 | 22.4 | 412 | 14.2 | -2.1 | 62 | 54 |
| ERCOT | $28.7 | 3.4% | 2.4 | 18.1 | 358 | 38.4 | +4.8 | 34 | 42 |
| CAISO | $35.1 | 1.2% | 2.9 | 15.2 | 218 | 11.7 | +1.2 | 48 | 48 |
| MISO | $38.6 | 1.8% | 1.5 | 24.8 | 445 | 22.1 | -0.8 | 42 | 58 |
| SPP | $25.4 | 1.4% | 1.9 | 16.3 | 382 | 9.6 | +2.3 | 28 | 40 |
| ISO-NE | $48.2 | 2.6% | 0.4 | 12.1 | 298 | 4.8 | -1.5 | 52 | 62 |
| NYISO | $52.8 | 1.9% | 0.6 | 14.7 | 332 | 5.2 | -0.4 | 58 | 66 |
Price & Carbon — PJM
24-hour profile, yesterday
Political Flashpoint — PJM
ETrailing 12 months
Jul '25: VA moratorium proposal
Change Feed
Feb 7PJMQueueInvenergy files 1.2 GW solar+storage project in central Ohio — largest single filing in PJM this quarter
Feb 7ERCOTCompetitorMicrosoft signs 835 MW nuclear restart PPA with Constellation Energy for Three Mile Island Unit 1
Feb 6PJMPolicyVirginia Senate committee advances SB 1092 — new data center siting restrictions in Loudoun County
Feb 6MISORetirementVistra announces accelerated retirement of 1.8 GW coal fleet in Illinois — 18 months ahead of schedule
Feb 5CAISOCurtailmentRecord 3.2 GWh curtailed in CAISO — solar overgeneration during mild winter day
Feb 5ERCOTQueueNextEra Energy files 2.4 GW wind+storage project near Sweetwater, TX — West Texas cluster growing
Feb 4PJMOwnershipAES completes acquisition of 800 MW solar portfolio from Pattern Energy — Virginia and Ohio assets
Feb 4NYISOPrice AlertZone J (NYC) LMP spike to $148/MWh during evening peak — gas plant forced outage
Feb 3MISOCompetitorAmazon Web Services announces 500 MW behind-the-meter gas+solar project in Indiana
Feb 3SPPQueueCompetitive Power Ventures files 600 MW gas peaker in Oklahoma — cites data center load growth
Feb 2ERCOTOutage2.1 GW forced outage at Comanche Peak nuclear station — Unit 2 offline for unplanned maintenance
Feb 2PJMPolicyFERC approves PJM capacity market reforms — new capacity accreditation methodology effective 2027
Feb 1CAISOQueueBHE Renewables files 1.8 GW solar+storage in Riverside County — adjacent to existing Blythe facility
Feb 1ISO-NERetirementConstellation announces 680 MW Mystic Generating Station retirement — June 2027 effective date
Jan 31ERCOTCompetitorGoogle announces 400 MW geothermal PPA with Fervo Energy — first utility-scale EGS for hyperscaler