AI Load Turns Into REIT Heat and PJM Discipline — July 20, 2026

PJM’s large-load plan and the data-center REIT boom show AI infrastructure moving from hype into balance-sheet and grid-rule territory, with investors, utilities, and hyperscalers all watching who pays for capacity. In this episode: Top stories: 1. Data Centers Are the Hot New REITs. Should You Invest $1,000? - AOL — AOL https://www.aol.com/articles/data-centers-hot-reits-invest-150300000.html 2. Step Back: PJM now has a formal large-load integration plan on the table, so what should we watch to tell whether this is real reliability discipline or just a new queue label—and how would it shift leverage among hyperscalers, utilities, generators, and states chasing AI campuses? Follow and rate The Data Center Daily on Apple Podcasts or Spotify. Feedback? Email [email protected]