Large Load
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Power Underwriting
Power Underwriting
For every data-center campus: is the power real, secured, on time, and from whom — and how much is physical supply versus a financial hedge. Assembled from SEC filings, FERC EQR & dockets, and ISO interconnection queues.
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Overview
Map · Stats
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By Operator
Campuses · Deals
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All Deals
Confirmed only
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Capital
Investors · Owners
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Readiness
Power underwriting
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Credibly Secured
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At-Risk Pipeline
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Pipeline Campuses
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Campuses Tracked
Most announced data-center power is speculative. Underwriting the difference between secured and phantom power is the product.
Pipeline by Power Readiness
Hyperscaler Supply — Physical vs. Financial
physical
financial (VPPA)
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Campus Underwriting
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SOURCES · SEC EDGAR (EX-10/EX-99/10-K) · FERC EQR title-transfer contracts · FERC eLibrary dockets · state PUC filings (PUCT/NCUC/VSCC) · ISO interconnection queues (NYISO load) · EIA-860. Verdicts are evidence-derived; nothing modeled or estimated.