Look, the data-economy signal hasn't slowed — hyperscalers still revising 2026 spend up nearly 75% year over year. ERCOT queue shows 400,000-plus megawatts; we don't expect anything near that to materialize. Forwards past 2029 price maybe 10,000 to 15,000 incremental; if realized load lands closer to 30,000, that's upward pressure. We've put roughly 5,000 megawatts — uprates, gas, storage — into PJM's queue, and the CyrusOne substation at Freestone targets Q4 2026 energization. Timing's the open variable; much of this load isn't on the system yet. Tunnel's real, light's visible.