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40% of New Data Centers Are Skipping the Grid Entirely.

Aug 7, 2026

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5 min read

40% of New Data Centers Are Skipping the Grid Entirely.

They ship a full power plant to a site in 90 days — a utility hookup takes five years.

The Capital Current
The Capital Current
Texas Just Slammed the Brakes on Big Tech.

Aug 6, 2026

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4 min read

Texas Just Slammed the Brakes on Big Tech.

474 gigawatts are frozen in the queue — 90% of it AI — with no restart date.

The Capital Current
The Capital Current
A 1935 Wartime Law Is Now Our Summer Grid Fix.

Aug 5, 2026

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3 min read

A 1935 Wartime Law Is Now Our Summer Grid Fix.

Just 3% of installed capacity is holding the system up — after four federal emergency orders this year.

The Capital Current
The Capital Current
Fake Data Center Projects Are Landing on Your Utility Bill.

Aug 4, 2026

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4 min read

Fake Data Center Projects Are Landing on Your Utility Bill.

Right now, ratepayers cover the cost of the AI-power scramble. Regulators just moved to change it.

The Capital Current
The Capital Current
I'm Not Watching Microsoft This Week.

Aug 3, 2026

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4 min read

I'm Not Watching Microsoft This Week.

That's why a Midwest utility nobody watches just filed a $70 billion plan.

The Capital Current
The Capital Current
I Read One Number. It Hit Me Like a Brick.

Jul 31, 2026

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3 min read

I Read One Number. It Hit Me Like a Brick.

Only 2 gigawatts are actually running. The gap is where the money is hiding.

The Capital Current
The Capital Current
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The Latest

Texas Cut Its Power Forecast in Half. One Order. One Day.

Aug 12, 2026

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4 min read

Texas Cut Its Power Forecast in Half. One Order. One Day.

BloombergNEF pegs the delay at 49.8 gigawatts — and up to $15 billion in lost leasing revenue.

The Capital Current
The Capital Current
Meta Built Its Own Power Plant. One Customer. 932 Megawatts.

Aug 11, 2026

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4 min read

Meta Built Its Own Power Plant. One Customer. 932 Megawatts.

Morgan Stanley and Pembina split the $3.24 billion tab — not a chip in sight.

The Capital Current
The Capital Current
A $100 Billion AI Campus. Zero Tenants Signed.

Aug 10, 2026

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4 min read

A $100 Billion AI Campus. Zero Tenants Signed.

Brookfield and NextEra are wiring 4.6 GW into one old site — enough for 3.5 million homes.

The Capital Current
The Capital Current
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