Executive Summary
The US electricity grid faces its most dramatic transformation since rural electrification, driven by AI data center demand that could add California-sized load to Texas alone by 2030. Travis Kavulla, NRG's VP of Regulatory Affairs and former Montana utility commissioner, reveals the hidden infrastructure crisis: generator step-up transformers now require 3-4 years delivery versus 12-18 months pre-COVID, while PJM's interconnection queue stretches to add 40,000 megawatts by 2030 on a 160,000 meg...
Key Investment Opportunity
Competitive Power Generators with Secured Equipment Capacity
The grid equipment bottleneck creates a natural oligopoly among power generators with existing turbine delivery commitments. NRG's secured gas turbine capacity for late-decade delivery provides decisive competitive advantage as data center demand materializes. Unlike regulated utilities that earn re...
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