Data center demand is reshaping the grid faster than the system can keep up. Transmission constraints, interconnection backlogs, and evolving RTO rules are colliding with unprecedented load growth. This panel breaks down what “load” really means, how SPP, MISO, and PJM are adapting, and why understanding large-load dynamics is now critical for anyone navigating today’s power markets. The key question: Is the grid ready for the scale and speed of what’s coming—or are we thinking about load all wrong?