Policy regime

Incentive-dominant: tax packages open · marginal incentive-only greenfield still clears the bar

Incentive rollback reshapes data-center siting AI data-center load large-load demand policy shift incentives flow grid costs → loads deal-math repricing tax ↔ grid economics routing decision load re-routes utility rate base contracted load where recovery allowed durable merchant · co-located nuclear & merchant PPAs co-location at existing plants durable incentive greenfield new build · self-funded grid clears the bar fragile most state actions are pauses / moratoria with grandfathering · policy fluid durable vs fragile is the analytical read, not a guarantee