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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
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
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The Latest

13 Normal Habits That Flag You at Airport Security.

Aug 14, 2026

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3 min read

13 Normal Habits That Flag You at Airport Security.

Too much cologne. The wrong jacket. One too many jokes with the agent. It all adds up.

The Capital Current
The Capital Current
Your Electricity Bill Is Up 22.6% in Four Years.

Aug 13, 2026

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4 min read

Your Electricity Bill Is Up 22.6% in Four Years.

57 utilities want another 13.2% — and FERC decides Monday who pays for data centers.

The Capital Current
The Capital Current
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
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