The US electric power sector is experiencing an unprecedented surge in electricity demand, particularly from data centers, which is putting immense strain on the grid. This surge is accelerating radical policy ideas, including discussions of forcing data centers offline during power emergencies, and exacerbates the tension between immediate reliability needs and long-term decarbonization goals. Federal policy responses are varied and sometimes contradictory, with actions ranging from methodical environmental reviews to emergency orders to keep retiring fossil fuel plants online, potentially creating market uncertainty and impacting renewable energy deployment. Overall, the industry stands at a critical inflection point, facing explosive demand, complex policies, and the potential for increased volatility, price pressure on consumers, and grid instability.