Post Security Before the Study, or Watch Your 2027 Slot Go to a Buildable Project

ERCOT's Batch Zero locks capacity by location and year and turns permanent in 2027, and Neil Osnato's open question is whether the eligibility test separates financeable megawatts from anyone willing to post security. Get that filing wrong and you're carrying land and engineering costs while a buildable project takes the slot you priced your model around.