Moiseus Infrastructure Brief — No. 16
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 rejects PJM’s plan to curtail data centers that don’t bring their own capacity
Regulators struck down PJM’s interim service for large loads as an intrusion into state authority, but approved a registry tracking every current and prospective load of 50 MW or more.
Bring-your-own-capacity deals lost their rulebook, not their logic. Until PJM rewrites it, some developers will take their load to regions with clearer rules.
PJM issues a Maximum Generation Alert as DOE orders plants to keep running
Warm fall weather collided with planned maintenance outages; PJM recalled units from maintenance while a DOE emergency order across 13 states and D.C. let it direct specific plants and use backup generation before the highest emergency level.
Emergency orders used to be a heat-wave event. When the shoulder season needs one, firm capacity close to load is the scarcest asset on the system.
NERC’s first standards for data centers and crypto loads pass the final ballot
The rules would cover computational loads of 50 MW or more connected at 100 kV and above — interconnection studies, operating data and ride-through protection — and now go to NERC’s board and FERC.
Large loads are being treated like generators: modeled, monitored and held to performance rules. Operators who can meet them early become the easier customer to connect.
A 456-reactor nuclear complex meets skepticism in Utah coal country
Valar Atomics’ state-backed plan for small modular reactors powering data centers on federal and state land in Carbon County is drawing worry from residents who lived through coal’s boom and bust.
State support is not local consent. Former energy towns know the trade-offs best — projects that earn their trust move; projects that skip it stall.
Senators question Meta’s $6.6B in research tax credits amid its data center build
Seven senators asked Meta to explain by Oct. 31 whether AI data center construction and operating costs were claimed as experimental research, a test that could reach the wider industry.
Incentives are now under the same scrutiny as power and water. Project economics that rely on an aggressive tax reading carry a policy risk that should be priced in.
Five stories, one signal: large loads are moving from an unregulated rush to a rulebook — reliability standards, registries, emergency orders and tax scrutiny. 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.