The Long Wait for AI Power

The market is still watching the generation queue. The real bottleneck has already moved.

While the market is focused on how much power is waiting for approval, the real investment race begins after approval.

Most discussions around AI infrastructure center on generation interconnection: how much power is waiting in the queue, where projects sit in line, and how quickly new supply can reach the grid.

Across ERCOT, PJM, and MISO, another backlog is taking shape behind the public one.

The market still talks about AI like a software story.

The grid is turning it into a power story.

And that may determine who captures value first.

Welcome to AI Grid Report.

We spend an unusual amount of time reading Independent System Operator (ISO) filings, grid queue reports, and transmission planning documents so you don’t have to.

Then we connect those dots to AI infrastructure and where capital is being deployed.

Paid subscribers receive the full analysis—and my personal view on where the edge is forming before it becomes obvious.

If you’re already here: thank you.

If you’re new: you picked a good week.

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