59 GW in data center load seeking to connect to Oncor’s system: CEO

AI generated summary

Oncor has reported receiving 80 GW worth of new service requests from large commercial and industrial customers, particularly in the colocation data center market, indicating significant growth potential in the U.S. market. The CEO, Allen Nye, mentioned during a second quarter earnings call with parent company Sempra that three-quarters of the new requests come from planned data centers, with an overall 13% increase in requests compared to the previous year.

Anticipating a peak load of 152 GW in the region by 2030, Oncor plans to cater to 40% of the future load according to projections by the Electric Reliability Council of Texas. As a result of the rapid load growth in Texas, Oncor foresees involvement in new transmission projects, addressing the need for substantial investments in infrastructure expansion to meet the escalating energy demands in the region.