Texas's $25M Queue Fee Separates Serious Developers From Everyone Else

Texas's SB6 is locking in a $25 million price of admission for 500 MW projects, a threshold that doesn't faze Meta's $10 billion El Paso commitment or Digital Realty's $3.25 billion hyperscale fund but quietly clears mid-tier developers from a queue that hyperscalers will inherit. While 12 states file moratorium bills and Wisconsin deadlocks, the operators getting filtered out in Texas are the ones competitors in Wyoming and beyond were counting on never showing up.