Power grids serving approximately one-third of the U.S. population are facing significant strain due to unexpected heat in the Midwest and Mid-Atlantic regions combined with planned maintenance outages. PJM Interconnection, which coordinates electricity for about 67 million people across 13 states and Washington D.C., has issued maximum-generation and load-management alerts. This situation prompted the Energy Secretary to issue an emergency order allowing PJM to access additional resources. Markets now price a low 2.8% probability of Texas enacting a data center moratorium by early 2027, compared to 25% for a moratorium by late 2028, reflecting longer-term concerns over energy regulation.
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