Possible scenario

Policy Scope Expands

its chance, of the story’s futures

−0.3%on the S&P 500, if it happens

Lawmakers and regulators use the data-center precedent to broaden large-load cost allocation to other power-intensive industries. This would be a more aggressive sector-policy outcome, raising costs for flexible-load projects while increasing confidence that utilities can recover grid-expansion spending.

What it moves

Utilities+1.6%
Technology−0.7%
Energy+0.4%
Bitcoin▼ down

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.

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