Oracle faces $100M annual bill to back Wisconsin datacenter power promises
AI AND ML
Regulator refuses to budge on $7B guarantee for nearly 1 GW campus being developed with Vantage and OpenAI
Oracle says that it could face more than $100 million a year in financing costs to guarantee the power commitments behind a nearly 1 GW datacenter campus it is developing in Wisconsin with Vantage and OpenAI.
Local regulators have refused to revisit a decision that they say protects existing customers and improves public transparency around the energy-related needs of datacenters.
Oracle's plans to build the Lighthouse Campus datacenter in Port Washington are supported by local utility We Energies. The campus is expected to require nearly a gigawatt of power.
The Public Service Commission (PSC) of Wisconsin, an energy regulator, told the Financial Times it had "declined to take action" on a petition seeking to reopen or overturn its earlier decision.
In April, the PSC considered We Energies' application for...
Copyright of this story solely belongs to theregister.com. To see the full text click HERE