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If you mentioned, I think leakage power will occur on the floating gate (in ON domain).
On floating gate, Because It is possible to propagate X signal (neither 0 nor 1), leakage will occur.
leakage is the least of your concerns. the design will not work.
During synthesis we always have floating signal and design will work.
crowbar or shot circuit current is the perfect concern.
Please correct me, if I am wrong.