Will any state enact data center moratorium legislation before Jan 1, 2027?

If legislation that temporarily or indefinitely prohibits, suspends, or pauses the approval, permitting, construction, connection to the electrical grid or other utility infrastructure, or operation of new data centers, or a defined category of new data centers, within the enacting state has become law in any U.S. state before Jan 1, 2027, then the market resolves to Yes. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods Legislation not requiring executive approval: final passage and completion of required waiting periods The following do NOT constitute enactment: Legislative passage without completed executive action Passage by only some required bodies Provisional passage Non-binding resolutions Draft orders Enactment occurs when all requirements are completed, regardless of pending judicial challenges. Only legislation enacted by a state legislature after Issuance qualifies. Executive orders, agency, utility-commission or permitting decisions, citizen-initiated ballot measures, and local ordinances do not qualify. A law that only limits tax incentives, sets electricity rates or cost allocation, sets siting standards, or orders a study does not qualify. A moratorium limited to a defined category of new data centers, such as those above a power-demand threshold, qualifies.