Incretium A briefing published by Incretium
Megawatt Report
MEGAWATT REPORT
Power and interconnection for data centers
Compute is no longer the constraint. Power is. The Megawatt Report tracks the queue positions, tariffs, and contracts that decide which data centers actually get built, and reads them the way a lender does. Figures come from filings and tariff books, and anything that cannot be confirmed against a primary document is published as unconfirmed.
Queues
Positions and dates
Study results, energization, network upgrade cost
Tariffs
Minimum take
Percentage, denominator, and how long it runs
Contracts
PPA and curtailment
Price, term, notice, bounds, non-performance
Assets
Conversions
Mining retrofits, co-location, behind the meter
What runs in it

Rate cases read as term sheets

A large load tariff is three questions, not one. What is the percentage a percentage of, how much of the term does it run for, and what is posted as security. Cross-state comparisons of collateral mean nothing until the unit is the same, so the unit is stated every time.

Queues and timelines

Study results, energization dates, and network upgrade allocations, with the comparable project in the same zone alongside them so a date has something to be measured against.

Who reads it

  • Data center developers and siting teams
  • Infrastructure private equity and credit
  • Lenders underwriting power dependent assets
  • Utilities and independent power producers
  • Hyperscaler energy and real estate groups

Method

  • A continuous market sweep feeding a cumulative ledger
  • Every item screened against a stated editorial test
  • Evidence graded, primary documents preferred
  • Figures retrieved twice on independent calls before they run
What you will not find in it

Numbers that trace to coverage rather than to an order

When a widely quoted figure cannot be found in the underlying document, it gets recorded as probably wrong and named as such, rather than repeated. A comparable that cannot be sourced to a filing or a release does not run.

A recent issue
MEGAWATT REPORT
Power and interconnection for data centers

Florida is three weeks from the hardest deadline in the large load calendar. Every public electric utility in the state must file a compliant large load tariff by 1 October. One of them already has one. Another has asked the Commission to defer setting a large load rate at all.

The proposed policy carries a two-part minimum take

The second part is the one to model. A minimum demand floor sits alongside a separate minimum billing energy volume, which compounds the two floors rather than substituting one for the other.

Four states, four incompatible units

No cross-state comparison of collateral means anything. One utility denominates security in years of a single line item, another in years of minimum monthly bills, a third in advance contribution plus a termination charge.

Condensed from a real issue. Live sends carry inline links to every filing.

Format

A lede on what actually moved, a stat block of the figures worth writing down, three or four sections of analysis with the sources linked inline, and a dated calendar of comment deadlines and expected decisions.

Sourcing notes run at the foot of every issue, including what was checked twice and what was deliberately not printed.

Cadence

Sent as the docket calendar warrants. A quiet week runs short and says so.

Editions

Free edition

No charge
  • The significant moves in power, tariffs, and siting
  • Sourced figures with the basis stated
  • The calendar of deadlines and expected decisions
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