Moiseus Infrastructure Brief — No. 03
Every week we cut the noise to a handful of stories that matter — and add what they mean from where we sit. This is our read, not a news wire.
FERC orders mandatory reliability standards for data-center loads
Federal regulators directed NERC to draft new mandatory reliability standards governing how large computational loads — data centers foremost — connect to and behave on the bulk power grid.
Mandatory rules turn ad-hoc hyperscaler deals into a licensed asset class. The winners will be operators who already meet grid-reliability standards — not those still negotiating their first interconnection.
FERC moves to speed how large loads connect to the grid
In a parallel action, FERC advanced measures to accelerate interconnection for data centers and other large loads, pressing grid operators to clear the queue rather than let projects stall for years.
The queue — not the chip — is still the true bottleneck. When the regulator forces the door open, whoever already holds ready, interconnected power moves years ahead of the field.
PJM capacity auction compounds the ‘alarm bells,’ says FERC’s chairman
The latest PJM capacity auction cleared at elevated prices and left a reliability shortfall, with FERC’s chairman warning the results signal a widening gap between demand and available supply.
Auction prices are the market pricing scarcity in real time. Rising clearing prices are a direct transfer of value to whoever controls firm, deliverable capacity.
AI’s power hunger is reviving nuclear — a wave of small modular reactors
Record data-center demand behind the multibillion-dollar PJM auction is accelerating investment in nuclear, with small modular reactors (SMRs) emerging as a favored long-duration supply bet.
Nuclear is the long-cycle answer; gas is the bridge. Either way, the scarce, ownable asset is generation — the megawatts, not the server hall they feed.
PJM issues a max-generation alert and moves data centers onto backup power
Facing a summer peak, PJM issued a maximum-generation alert and secured a federal order to run data centers on backup generation for the July 15–21 stretch to protect the grid.
Emergency curtailments show the supply gap isn’t a forecast — it’s operational today. Durable scarcity like this rewards the developers who locked in land and power early.
Five stories, one signal: the constraint in AI is no longer intelligence — it’s power, land, and the patience to hold real assets through a decade-long build-out. That is exactly where Moiseus Capital looks.
This material is for general informational purposes only. It is market commentary and reflects our own views. It is not an offer to sell or a solicitation of an offer to buy any security, and it is not investment advice. Moiseus Capital Corp is not currently offering securities. Third-party headlines are summarized and attributed to their sources; all trademarks belong to their respective owners.