Portfolio Overview
Secure the required MW, by the required date, at an acceptable cost and risk — and make the next decision clear.
Fictional portfolio · 10 utility programs · October 1, 2026
10 — Utility programs: view the records behind this number
Distinct fictional programs; phases are counted within their program.
3.4 GW — MW requested: view the records behind this number
3,400 MW requested at utility delivery points across the full intended buildout.
1.1 GW — Stronger/committed MW: view the records behind this number
1,100 MW covered by qualifying agreement evidence. Conditions remain; this is not energized capacity or a guarantee of delivery by target.
0 MW energized in this demonstration.
$632M — Estimated utility exposure: view the records behind this number
Known estimate · 9 of 10 programs. Horizon has no estimate; the subtotal includes estimates with different confidence levels.
Current company-attributable forecast for defined utility/infrastructure scope. Deposits already included in that forecast, security face values and separate cancellation scenarios are not added again. Missing estimates are excluded and disclosed.
3 — Critical risks: view the records behind this number
Three active Critical risk records across three programs. Open and Monitoring records are active.
4 — Decisions due: view the records behind this number
Through October 15, 2026, including overdue items. Current split: 0 overdue · 0 due today · 4 upcoming.
Unresolved published decisions due on or before October 15, assessed at the fixed October 1 cutoff. Earlier unresolved dates count as overdue. Missing due dates are shown separately.
3 — Programs with schedule variance: view the records behind this number
Full-capacity basis: 3 late · 0 early. Forecast unknown for 2 programs.
Current full-capacity utility forecast minus current full-capacity target. Unknown forecasts are excluded from the variance count and shown separately.
Full-capacity forecast moved nine months, from December 2029 to September 2030. Route-recovery decision due October 8.
Supporting records:Atlas — Route approval now controls full-capacity deliveryAtlas — Choose the route-recovery study pathAtlas — Phase 1Atlas — 3 supporting milestone records
Initial 200 MW forecast is unchanged. Full 500 MW forecast moved to June 2031; company exposure increased $35M. Engineering decision due October 15.
Supporting records:Orion — Transformer procurement window threatens the later 300 MWOrion — Authorize next-stage facilities engineeringOrion company cost forecastOrion — Phase 2Orion — 6 supporting milestone records
Security and ESA decision due October 3, ahead of a $12M security requirement due October 5.
Supporting records:Nova — Choose the security and ESA negotiation pathNova — SecurityNova — Security deadline arrives before the preferred service terms are settled
A $3.5M construction payment is due October 9, subject to the recorded milestone trigger.
Supporting records:Aurora — Construction payment
Company exposure increased $35M to $100M. Scope and negotiation decision due October 12.
Supporting records:Summit — Select the facilities scope and commercial negotiation positionSummit company cost forecastSummit — Revised facilities estimate exceeds the current illustrative budget
Full-capacity forecast recovered to June 2029; the access risk and associated decision are recorded closed.
Supporting records:Meridian — Select the access agreement pathMeridian — Phase 1Meridian — Route access issue resolved in the fictional recordMeridian — 3 supporting milestone records
Full-capacity utility forecasts remain unknown. Horizon also has no company exposure estimate.
Supporting records:Cedar current recordsHorizon current records
7 summary cards drawn from 26 canonical attention items.
Route approval now controls full-capacity delivery: severity High → Critical.
Transformer procurement window threatens the later 300 MW: severity High → Critical.
Choose the security and ESA negotiation path — upcoming; due 2026-10-03; owner: Demo capital decision owner (fictional role; authority not asserted). A $12M security requirement is due October 5; draft ESA terms do not establish a capacity commitment. Recorded options: Provide the $12M security after the required reviews / Seek a 30-day security-deadline extension / Decline new security and reassess the site sequence. Recommendation: not recorded.
Security: $12M (one-time), upcoming; due 2026-10-05. Trigger: Maintain the utility's currently indicated commercial window. Refundability: Conditional. Security face value excluded from the infrastructure exposure headline.
Choose the route-recovery study path — upcoming; due 2026-10-08; owner: Demo capital decision owner (fictional role; authority not asserted). A route decision determines whether an alternative can be tested before the next utility design gate. Recorded options: Authorize a scoped $1.5M alternative-route investigation / Plan Development sequencing around September 2030 / Hold new scope pending utility route evidence. Recommendation: not recorded.
Construction payment: $3.5M (one-time), upcoming; due 2026-10-09. Trigger: Defined construction milestone supported by acceptance evidence. Refundability: Nonrefundable. Funds costs already included in company forecast; do not add to exposure.
Select the facilities scope and commercial negotiation position — upcoming; due 2026-10-12; owner: Demo capital decision owner (fictional role; authority not asserted). The design package cannot be fixed until leadership selects the supported scope and negotiation boundaries. Recorded options: Support the current scope and seek the required budget decision / Request a utility-supported reduced or alternative facilities scope / Evaluate deferring the additional 200 MW phase. Recommendation: not recorded.
Authorize next-stage facilities engineering — upcoming; due 2026-10-15; owner: Demo capital decision owner (fictional role; authority not asserted). The utility needs an engineering direction before reserving the next design/procurement window; engineering approval does not secure additional MW. Recorded options: Advance the $3M facilities-engineering proposal with stated conditions / Hold authorization pending an accelerated technical/commercial review / Rework the development ramp around the initial 200 MW. Recommendation: not recorded.
3 supporting milestone record(s) changed; linked milestones, not additive delays.
Phase 1: utility forecast 2029-12-31 → 2030-09-30 (273 calendar days later). Recorded context: The fictional utility revised its route/permitting sequence; the full-service forecast moved nine months.
company exposure $80M → $115M (+$35M); total infrastructure estimate $120M → $165M (+$45M). Recorded explanation: A revised fictional study/estimate identifies a longer transmission upgrade path and refined substation scope.
6 supporting milestone record(s) changed; linked milestones, not additive delays.
Phase 2: utility forecast 2030-06-30 → 2031-06-30 (365 calendar days later). Recorded context: A revised fictional study/estimate identifies a longer transmission upgrade path and refined substation scope.
company exposure $65M → $100M (+$35M); total infrastructure estimate $100M → $142M (+$42M). Recorded explanation: Refined equipment quantities and design detail increased the estimate for the same defined facilities boundary; no allocation-basis change is recorded.
Revised facilities estimate exceeds the current illustrative budget: severity Moderate → High.
Select the access agreement path: status Open → Closed; decision unknown → Fictional access path selected September 28; executed access evidence recorded September 30.
Choose the route-recovery study path: options updated.
Select the facilities scope and commercial negotiation position: options updated.
Authorize next-stage facilities engineering: options updated.
Select which voltage-mitigation option to advance — later; due 2026-10-22; owner: Demo capital decision owner (fictional role; authority not asserted). The chosen option defines further study, cost allocation questions, and design dependencies. Recorded options: Advance study of reactive-support option / Advance study of an alternative supply topology. Recommendation: not recorded.
Data limits: Phase 1 utility forecast unconfirmed. Unknown values are not zero.
Data limits: Phase 1 utility forecast; company exposure unconfirmed. Unknown values are not zero.
3 supporting milestone record(s) changed; linked milestones, not additive delays.
Phase 1: utility forecast 2029-08-31 → 2029-06-30 (62 calendar days earlier). Recorded context: The fictional access condition was resolved; the forecast improved from August 31 to June 30, 2029.
Route access issue resolved in the fictional record: severity High → Low; status Open → Closed. Recorded closure does not certify elimination of every project risk.
Ongoing Critical risk, not newly changed this period: Security deadline arrives before the preferred service terms are settled. Owner: Jordan Ellis (fictional).