P
Peter Lake
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Aug 11, 2026
Thematic Investors: Fast-Tracking the US Grid – Policy, Power Demand, and Infrastructure
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Peter LakeGUEST
I agree with everything that Robbie said, and would also add that from the pu- public policy and regulatory perspective, we're trying to-- this administration, this White House are working to address, take a comprehensive approach to addressing not only the, the bid that we want these data centers to put into the market and the power markets as they can continue to interconnect that demand faster and faster, but also to provide a financing framework that is most clearly presented in the PJM statement of principles that we did last January that provides, for the first time ever, a fifteen-year price signal and, and a, a fifteen-year bid for those long-dated power assets.

Peter LakeGUEST
And that's, uh, our goal is to help solve one of the classic problems in the power financing space where you've got one or two or three-year price signals for a twenty or thirty-year asset.

Peter LakeGUEST
So we're tackling that s- that side of the supply equation as well, in addition to the affordability and the social compact, the social construct between ratepayers or utilities and the regulators and the government by emphasizing and building out the ratepayer protection pledge.

Peter LakeGUEST
The president had a fantastic event again last week highlighting that the, his objective and his goal, along with multiple governors, utilities, data center developers, is to make sure the tech companies that are driving that demand build, bring, or buy their own power and commit to long-term take or pay contracts so that, that your average ratepayers aren't stranded with sunk cost or stranded cost, which both addresses the social, kind of the social compact a- and ensures continued affordability.

Peter LakeGUEST
But also importantly is putting another version of that long-term price signal out there, putting that bid for power-
30 MINS LATER
