PraCon Global Investment Group, through its affiliate PRADO AI, is moving forward with plans to build large-scale artificial intelligence infrastructure in Mississippi.The company has filed a request with the Mississippi Public Service Commission, seeking legal clarity on whether it can generate its own power on-site without being classified as a public utility. Leaders say the project would be entirely privately funded, not a public data center.PRADO AI’s proposal centers on developing major industrial sites, such as AI data centers and semiconductor facilities, then leasing it to large technology companies. Under the model, electricity would be generated on-site and bundled into the lease, similar to how utilities are sometimes included in apartment rent.Company leaders say this approach would shield everyday ratepayers, those who pay utility bills, from rising energy costs, while still attracting billions of dollars in private investment to the state.Gabriel Prado, CEO of PraCon Global Investment Group, says the company’s request could have broader implications beyond a single project.“It was for clarity, but it also becomes the legal precedent,” Prado said. “Once that is done, everyone, every major development group from every state in the country, can come to Mississippi because they have the clarity as you describe it. The legal precedent.” Prado also emphasized the effort could lay the groundwork for future development across the state.“We’re going to be successful, but even if we weren’t, what we’re setting today is a foundation for many other developers to follow in AI industrial development and pour billions of dollars into the state,” he said. “Into what we believe is going to be the next generation of AI development that is going to be led by semiconductor and cloud computing long term.”If approved, the company says the plan could help expand development in areas like Jackson and the Mississippi Delta. The next step in the process is for the Public Service Commission to issue a “declaration of opinion” to clarify the law. Meanwhile, PRADO AI says it will continue working to secure approvals for the project.
JACKSON, Miss. —
PraCon Global Investment Group, through its affiliate PRADO AI, is moving forward with plans to build large-scale artificial intelligence infrastructure in Mississippi.
The company has filed a request with the Mississippi Public Service Commission, seeking legal clarity on whether it can generate its own power on-site without being classified as a public utility. Leaders say the project would be entirely privately funded, not a public data center.
PRADO AI’s proposal centers on developing major industrial sites, such as AI data centers and semiconductor facilities, then leasing it to large technology companies. Under the model, electricity would be generated on-site and bundled into the lease, similar to how utilities are sometimes included in apartment rent.
Company leaders say this approach would shield everyday ratepayers, those who pay utility bills, from rising energy costs, while still attracting billions of dollars in private investment to the state.
Gabriel Prado, CEO of PraCon Global Investment Group, says the company’s request could have broader implications beyond a single project.
“It was for clarity, but it also becomes the legal precedent,” Prado said. “Once that is done, everyone, every major development group from every state in the country, can come to Mississippi because they have the clarity as you describe it. The legal precedent.”
Prado also emphasized the effort could lay the groundwork for future development across the state.
“We’re going to be successful, but even if we weren’t, what we’re setting today is a foundation for many other developers to follow in AI industrial development and pour billions of dollars into the state,” he said. “Into what we believe is going to be the next generation of AI development that is going to be led by semiconductor and cloud computing long term.”
If approved, the company says the plan could help expand development in areas like Jackson and the Mississippi Delta.
The next step in the process is for the Public Service Commission to issue a “declaration of opinion” to clarify the law. Meanwhile, PRADO AI says it will continue working to secure approvals for the project.