Wisconsin Makes Hyperscalers Pay 100% of Their Own Generation Build

Wisconsin's PSC just made Microsoft and Vantage pay 100% of new generation construction tied to their load, with environmental groups and consumer advocates lining up behind the regulator, a template other commissions will copy. Texas developers who've already locked self-supply (Wärtsilä's 790 MW Texas order, X-energy's Amazon 5 GW deal) are buying the optionality others are about to lose.