Energy Infrastructure: FERC Orders Prioritize Data Center Speed-To-Power

研报英文原文证据摘录

Energy Infrastructure: FERC Orders Prioritize Data Center Speed-To-Power

Global Research SECTOR NOTE

June 18, 2026

■WRG Energy Transition & Sustainability Energy Infrastructure: FERC Orders Prioritize

Data Center Speed-To-Power

TD SECURITIES (USA) LLC - WASHINGTON THE TD COWEN INSIGHT

RESEARCH GROUP - USA

FERC orders direct ISO/RTOs to accelerate data center studies and offer new more flexibleMACRO POLICY

interconnection pathways. FERC seeking to mitigate 'affordability' risk through 'cost recovery

John Miller agreements.' We see action as positive for data center developers and IPPs and neutral for

202 868 5306

T&D utilities due to GET requirements.

john.p.miller@tdsecurities.com

Sector Impacts: Utilities; Data Centers; Industrials (E&Cs, Electrical Equipment)

Cooper Pryde

212 468 7804

cooper.pryde@tdsecurities.com What Happened?

Today, FERC issued a series of orders (HERE) requiring ISO/RTOs to accelerate large load (dataTD SECURITIES (USA) LLC

center) grid interconnection timelines, while looking to mitigate retail costs shifts through new

EQUITY RESEARCH

'cost recovery agreements.

Shelby Tucker, CFA

646 562 1322 Policy Takeaways (John Miller, TD Cowen WRG)

shelby.tucker@tdsecurities.com

We view today's FERC action as positive for data center developers and as confirming co-

Eli Mingos location as the go-to model for large loads in ISO/RTO markets.

646 562 1407

eli.mingos@tdsecurities.com We see FERC's reforms as accelerating data center study timelines and offering new flexible

(less expansive) transmission interconnection pathways - both actions benefit the speed-to-

power push. In pivoting from the slower rulemaking process to a series of ISO/RTO-specific

'show cause' orders, FERC has accelerated the timeline in which reforms can be deployed.