While the Southeast scrambles to build power for the AI boom, Quebec is taking drastic measures by proposing to double electricity rates for new massive data centers. We analyze this growing divide in load growth strategy, contrasting Southern Company's aggressive expansion with Hydro-Quebec's defensive pricing model. The episode also breaks down massive regulatory shifts, including FERC finally rescinding legacy wholesale price caps in the West and ERCOT's race to overhaul its interconnection queue. Listen now to understand the new risk profiles for energy trading and how these regional policies will ultimately dictate where tech giants can build their infrastructure.