Microsoft Ties $117B Capacity Build to Behind-the-Meter Gas Power

1 reports archived1 independent sourcesupdated 11/12/2026, 05:37:40

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Microsoft is pairing its $117B annual capacity build with a pledge that taxpayers and other utility customers will not absorb the added power costs. Its answer is behind-the-meter generation: a 2.67GW Chevron gas plant selling electricity directly to a Microsoft data center under a 20-year deal. The model still needs political approval, with Texas Governor Greg Abbott's data-center permit moratorium and a potentially tougher successor posing key risks.

LATEST/Microsoft is pairing its $117B annual capacity build with a pledge that taxpayers and other utility customers will not absorb the added power costs. Its answer is behind-the-meter generation: a 2.67GW Chevron gas plant selling electricity directly to a Microsoft data center under a 20-year deal. The model still needs political approval, with Texas Governor Greg Abbott's data-center permit moratorium and a potentially tougher successor posing key risks.

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Rohan Paul (@rohanpaul_ai)T2Nov 12, 05:37·72 pts
Microsoft Ties $117B Capacity Build to Behind-the-Meter Gas Power
- Microsoft's annual capacity build reaches $117B, with a pledge that power costs won't spill onto taxpayers or other ratepayers
- A 2.67GW Chevron gas plant will supply a Microsoft data center directly under a 20-year behind-the-meter deal
- Texas data-center permit freezes and shifting politics leave the power model subject to approval risk
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