Post #2756964
2024-11-27 02:52 UTC
@waldoj@mastodon.social I'm unconvinced. If 1M citizens were to migrate to the state, would you expect the new residents to bear all the costs of new capacity in cash that should be amortized over 30-50 years? Of course not. the capacity becomes an asset of the state that contributes to future economic activity.
Replies (2)
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@waldoj@mastodon.social 2024-11-27 03:04
@gtucker5@mastodon.acm.org Data centers are locating here *because* the cost of building new power plants is being passed along to all ratepayers. Nobody is moving to Virginia because of our power rates.
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@rayres@social.linux.pizza 2024-11-27 09:29
@gtucker5@mastodon.acm.org @waldoj@mastodon.social As a private company, Dominion Energy should simply get a bank loan to build the necessary capacity and then pay it off with the subsequent profits. But maybe the loan rate would eat into those profits when they can just gouge existing customers to buy them new plant.