“A merchant power producer that owns the Texas and PJM grids the AI buildout is flooding into, selling into scarcity pricing and locking hyperscaler nuclear deals as demand outruns supply.”
“California's high cost of energy also means that despite the tech industry's concentration in the Bay Area, few data centers are planned in the state itself , pushing more of the AI ecosystem to places like Virginia, Oregon, and Texas.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.