The PCIE slot is rated for 75W max power draw for 12V. EVGA got in a bit of trouble a few years back because some of their 30 series GPUs were pulling more, and in some cases a LOT more. I even RMA'd my 3090 FTW3 Ultra because their VBIOS fix didn't keep the power draw under 75W and I didn't want to risk my RAID card / array.
I remember marveling at how little PCIE slot power was drawn when I upgraded to a 4090 FE, something like 8W, compared to the 3090. I still miss EVGA because their US customer support was second to none.
75W slightly overstates it actually. It's 65W of 12V and 10W of 3.3V. The latter is what legacy parallel PCIe used, providing it eased the transition by allowing makers to take existing designs slap a one dollar bridge chip into a bit of dead space and port their old design forward.
AFAIK very little modern hardware uses the 3.3V anymore. It's still there for back compatibility though and ends up driving the amount of 3.3V needed to be delivered by PSUs (since very little on the mobo uses it anymore either).
If PCIe7 drops 3.3V support, and ATX 12VO remains MIA on enthusiast boards maybe 2040 PSUs will be able to drop it like they did with -5V 15 or 20 years ago (and long after the last ISA cards that needed it were gone).