NV Energy ends Lake Tahoe power supply

This is a clean example of AI-era grid stress: utilities are running out of slack, and the squeeze is landing on existing customers, not just new data-center builds.

• –Liberty has until May 2027 to replace roughly 75% of its supply, so procurement and California regulatory approval are the real chokepoints.
• –Greenlink Nevada gives Liberty transmission access, but not generation, so it still has to find a low-cost replacement source outside California.
• –NV Energy says data-center requests have pushed peak capacity to unprecedented levels, so AI load is no longer a side issue for utility planners.
• –For AI teams, power availability, interconnect timing, and local utility politics now sit alongside GPUs and real estate as scaling constraints.