Aug. 8 at 2:55 PM
$ET 6. Texas — still the biggest dollar opportunity
Texas remains the easiest state to connect to ET.
ET's own January investor presentation says it has executed multiple Oracle agreements totaling approximately 900 MMcf/d to three U.S. data centers, and specifically identifies natural-gas pipeline projects serving data centers in Texas.
CloudBurst is another direct ET data-center gas agreement, with up to 450,000 MMBtu/day of firm gas supply for behind-the-meter generation.
So Texas isn't really a "rumor" story anymore.
It's a proven business model that ET is expanding.
The complication is the recent Texas regulatory pause/review of new data-center interconnections. That could slow traditional grid-connected projects, but it may actually make behind-the-meter gas generation more attractive because these projects don't have to wait for conventional grid interconnection.
