4 STORIES / PSV ORIGINAL REPORTING
Regulatory moves, legislation, and grid policy that reshape CRE underwriting, from data center moratoriums to housing acts.

THE LEAD / CRE POLICY NEWS
The PJM Board of Managers issued a decisional letter on July 27 directing two filings to FERC by the end of July. One creates a Reliability Backstop Procurement to backfill a 6,831 megawatt capacity shortfall. The other creates an Interim Resource Adequacy Service, under which new large loads that have not brought their own new capacity by June 1, 2027 are cut before anybody else is.
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