Prado AI issued the following statement.
PraCon Global Investment Group (“PraCon”), through its
affiliate PRADO AI INDUSTRIAL, LLC, (“PRADO AI” ), today welcomed the decision of the
Mississippi Public Service Commission ("PSC") that leaves intact the plain language of
Mississippi law and declines to reinterpret or narrow the long-standing statutory
exemption that allows companies to construct, own, and operate electric generation
facilities for their own private commercial use without regulation as a public utility. As
stated in its Request, PRADO AI's proposed power generation facilities will serve its
planned AI data center and AI semiconductor manufacturing campus.
In its initial filing before the PSC, PRADO AI stated:
Should the Commission exercise its discretion to decline this Request under
Rule 24.103.4, Prado AI will presume that the plain wording of the statutory
exception to the definition of public utility in §77-3-3(d) governs and that
Prado AI's Power Generation Facility is exempted from regulation by the
Commission.
By declining to issue a declaratory opinion, the Commission did not alter, limit, or
reinterpret the statutory exemption contained in Mississippi Code §77-3-3(d). PRADO AI
celebrates that the PSC and Mississippi law continues to operate exactly as written by the
Mississippi Legislature, allowing private companies to generate electricity for their own
facilities without being classified as a public utility.
"This is a great day for the State of Mississippi," said Gabriel Prado, CEO & President of
PraCon Global Investment Group. "The fact that the PSC did not give in to the pressure
from intervenors seeking a ruling that would have harmed economic development and
Mississippi ratepayers confirm the long-standing statutory exemption established by the
Legislature. We are grateful for the work the PSC has done and for its decision to allow the
law to speak for itself."
The company emphasized that the PSC's decision provides the regulatory certainty needed
to advance development of the PRADO AI Industrial Campus, a next-generation industrial
complex that will include AI Data Centers and AI Semiconductor Facilities with power
provided by self-generation through an onsite power plant.
PRADO AI confirmed that it will now proceed with permitting and development activities
associated with the project.
Metro Area Site Selected for Phase I Campus
PRADO AI also announced that, on Friday, it reached an agreement in principle regarding a
site in the Jackson metro area that will serve as the location for Phase I of the PRADO AI
Industrial Campus.
While the exact location remains confidential pending final documentation and approvals,
the site will form the foundation of the company's first integrated AI campus in Mississippi.
The company further disclosed that it is actively negotiating to expand the footprint of the
development beyond the initial site to accommodate future phases of growth.
"The demand for artificial intelligence infrastructure and domestic semiconductor
production continues to accelerate," Prado said. "Mississippi has a unique opportunity to
become a national leader in both sectors. Today's outcome allows us to move forward with
confidence as we look to bring billions of dollars in technology infrastructure, energy
infrastructure, and high-paying jobs for Mississippians."
PRADO AI stated that additional announcements regarding the Phase I site, permitting
milestones, strategic partners, and project timelines will be made as negotiations and
regulatory processes progress.
Kingfish note: Power companies running to court in 3...2....1....
27 comments:
Prado stares down the big boys--
This fight is just getting started.
If this means they're going to use gas turbines to power their plant, they can get fucked.
I've been to Musk's monstrosity in Desoto County. No thanks.
This totally makes sense. I rent out my apartment above the garage, so I too will get started on those smokestacks in NE Jxn. Long live landlords!!!!!! Long may we rule!!!!!
Every data center is a use case for a SMR. Small Modular Reactor.
But, but, but...the Desoto County project promises $20B in investment, $30M in annual tax revenue, and hundreds of permanent jobs!
Hey Stamps, nowhere to hide now. But you go ahead and keep wasting time worrying about redistricting,.
But you can't drink the water and you can't breathe the air.
You have to admire Tate’s economic development efforts.
It is long past time for someone to "grow a pair" and take control of this "disaster waiting to happen". It is going to be extremely difficult, if not impossible, to prevent anyone else from using this same "argument" when they want to circumvent the law. I am no fan of Entergy, but there has to be a rule of law, and someone to interpret the law.
Putting lots of words in quotes, does NOT make you seem educated or professional. It makes you seem insecure.
Entergy loves ambiguity.
If this project moves forward it will have to have significant if not 100% power plant redundancy with no connection to the grid for backup. It will depend on the number of turbines used to provide the 350 MW. Then you have the cost of the contractor to operate and maintain it. It will be interesting to see if any savings can actually be achieved, especially since Entergy appears to be giving special deals to data centers based on the deals Amazon got that Entergy is hiding.
Whichever city allows this project needs to make sure it uses a closed loop system for cooling, or water system problems may be the next problem.
It pencils better with no regulatiuon and no pollution controls!
MDEQ still regulates.
NO MORE DATA CENTERS. Take that crap out West somewhere away from civilization. Billions of dollars that will only create a couple hundred jobs. And they're going to jack up our utilities; deplete our water sources; and lower home values for anybody who happens to be nearby one of these monstrosities. To our lawmakers: we DON'T want this crap in our communities... It's not "economic development." It's going to be an economic drain across all metrics.
The data centers located in Madison County are not doing any of those bad bad things you list, but they are providing many benefits such as tens of millions of dollars annually in tax revenue, new water wells, road improvements, higher home values, and actually, hundreds of jobs.
Too bad you are nothing but a shill for the Chinese that are wanting to kill the concept in America, so that they can control the processes - but just like those that believe everything fed them on Truth Social, some folks will buy a pig in a poke and think they got the worlds best bacon.
" Entergy appears to be giving special deals to data centers based on the deals Amazon got that Entergy is hiding"
How is it that you know about these hidden deals, if they are hidden?
@1:33 - there are no free lunches.
12:14 - just an fyi. The act of putting something in quotes has absolutely nothing to do with one's educational or professional level, nor their security or insecurity. From a simple Goole search, and I paraphrase (note that no quotes are used - unlike 12:03) - Putting items in quotes usually indicates a word or phrase is being used ironically, skeptically, or as a direct quote, rather than in its literal sense.
Senate Bill 2001
@1:33 the data centers in Madison are not AI data centers. Do the research on the energy and water consumption in those centers vs an AI center.
More power to him. (See what I did there?)
How is AI going to overtake everything if we don’t have them? Newsflash, none of the citizens in MS really have a say so in this. It’s kinda funny you guys think your voice matters.
America has become a disaster....and it's happening. No one is in charge.
Confirmed dot-com bubble 2.0 when Don Juan Gabriel Prado is entering this circus.
No you wont. When you find out what those smokestacks cost you will forget about it. Most people would have to hire someone to run them because they know nothing about them.
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