Q pays for it? And this model that we had historically, the problem is this multi-state transmission line. It's always, these problems are always because we got multi-state actors. And so the question is, who pays how much for the, the billion dollars or so it's going to cost to develop this Line. What is the argument for which folks are saying the, the previous cost allocation is no longer fair?
A Yeah. I mean, they're basically arguing that, one, the data centers themselves should be covering the costs, not rate payers and PJM. But for this specific project, states are arguing that it should be Virginia, Virginia rate payers, if anyone, that really foots the bulk of this bill. Um, and as, as we mentioned, Nextera set out At these four state PUCs earlier this year, and they're seeing pushback pretty much across the board, um, in, in all of these states. And it's interesting because a lot of the filings do cite the ratepayer protection pledge, but there are also just all these kind of general concerns when it comes to property values and agriculture and all of the, the, the traditional issues that you would see come up with a project like this. So it is kind of this, this intersection of, you Data center cost allocation, and also, it is just hard to get people to approve a huge project like this. Um, so it is interesting, I don't know if I mentioned in the intro, but back in twenty-twenty-four, so soon after these projects were approved, Maryland went to FERC and complained about the cost allocation, uh, framework for those projects, and basically said, um, at that time that Virginia should pay more. Um, then, then, then had been allocated. FERC rejected it at the time. Maryland has now come back to FERC in twenty-twenty-six in May, um, is taking kind of a zoomed out appr…
AI assessment note: “they're basically arguing that, one, the data centers themselves should be covering the costs”