I’m getting the sense you’re not really familiar with the accounting terms you’re using. Opex hits the income statement. Capex does not, because it stays on th

I’m getting the sense you’re not really familiar with the accounting terms you’re using. Opex hits the income statement. Capex does not, because it stays on the balance sheet. It is free money in that sense. And that’s generally good because we WANT the utilities to BUILD ASSETS. They wouldn’t do that unless the incentives were there. It is definitely not the case that opex is broadly a good thing or climate oriented thing. Building solar capacity is capex too. The expenses are not a free pass either way. Utilities must justify the expenses to build them into the rate case (prices they can charge). Lots of stuff is just on them without being built in too. There’s certainly problems and difficulties with this system but it’s not terrible. You don’t want multiple companies building the same infrastructure in the same place. That’s just hugely Inefficient. You don’t want a free market monopoly either. All it takes to drive specific incentives is to have the regulators demand specific goals to approve the rate case