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If it were as easy as spending $300M, every utility company in the country would be falling over themselves to do it. Utility companies make their money by rate
by mepiethree 6y ago
If it were as easy as spending $300M, every utility company in the country would be falling over themselves to do it. Utility companies make their money by rate basing their capital expenditures. The rate you pay for electricity is set by the state, to guarantee a certain ROI for the utility on approved infrastructure. Utilities literally spend money to make money.
I couldn't agree more that our electric grid needs more investment. I won't pretend to know better than the PUCs and the utilities about how that should be spent or what should be passed on to the ratepayer. The only thing I do know is that my company (Kevala) has mapped tens of thousands of substations, transmission lines, and HV transformers, so it seems we would have a lot more to back up than those 30. Good time for non-wires alternatives?