It should be 99.46% load on a 1300w G2. The math is 1293W/0.88eff(@120v input)=1470W at the wall. Just a bit over the 12A/15A 80% limit. Not excellent but not bad either. Should be getting mine tomorrow to get some real world tests.
1293W isn't their DC power consumption though.
As per bitmain's specs:
Power Consumption: 1293W + 10% (at the wall, with APW3, 93% efficiency, 25C ambient temp) 1293 x 1.1 = 1,422.3 W at the wall with 93% efficient PSU. . Back-tracking you get 1422.3W x 0.93 (taking out their rated PSU) =1322.74W DC, 101.75% load on a 1300W G2.
They started adding the +10% for power consumption when they started offering the 135 chip S7's, that isn't the PSU efficiency being added. At least that's how I interpret it, I don't have anything post B6.