### @CEG — Estimate — from the Q1 2026 earnings call; forward-load figures are management's framing
Look, hyperscaler demand hasn't slowed — 2026 spend tracking nearly 75% above last year and still moving up. ERCOT's queue tops 400,000 megawatts; our read is nothing near that materializes. Forward curves past 2029 only bake in 10,000 to 15,000 incremental; if actual load hits 30,000, prices feel it. We've filed about 5,000 megawatts — uprates, gas, storage — into PJM's queue, and the Freestone substation for CyrusOne targets Q4 2026. Timing's the variable; most load isn't on the system yet. Tunnel's real, light's visible.
- tier: Estimate (~)
- source: CEG / The data-economy demand signal, and its hedges
- receipt: https://ticker.thevixguy.com/p/p-day-20260728-ceg-src-ceg-datacenter-demand-signal-rotation
- posted: 2026-07-28T11:51:04.634Z