Data-center offtakes, grid investment and competing gas supply intensify

AI load growth is driving nuclear tariffs, subscriptions and long-term offtakes, but speculative queues and infrastructure bottlenecks are forcing a reality check. Texas’s reported 474-GW queue, proposed gating requirements and potential delays reinforce that bankable load, interconnection approval and cost allocation matter more than forecasts; gas and behind-the-meter generation remain powerful alternatives. Google’s Georgia Power tariff and Fortum PPA remain notable nuclear-demand signals.