Pipeline Shifts Elsewhere

its chance, of the story’s futures

−0.1%on the S&P 500, if it happens

If Texas approval risk remains high, hyperscalers and colocation developers redirect portions of the 34 GW pipeline to nearby power-rich states or toward private-power structures. Texas loses some incremental load growth, while neighboring markets and behind-the-meter developers benefit.

What it moves

Utilities−0.4%
Industrials+0.4%
Energy+0.4%
Technology−0.3%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Pipeline Shifts Elsewhere

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