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Oracle Drops Lawsuit Over Wisconsin Data Center Rules | Milwaukee News
Oracle drops lawsuit against Wisconsin’s utility regulator over new credit rating rules for data centers, a move that clears the way for safeguards designed to protect ratepayers from bankruptcy fallout. The rules, enacted in May, require big data center developers like Oracle to hold an A- credit rating or post hefty collateral—potentially $100M+ annually—for their massive energy needs. Though Oracle’s stock rebounded after filing suit, its credit rating still falls short, forcing it to face financial hurdles at its Port Washington facility—a joint venture with OpenAI and Vantage expected to…
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