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Is that premise true? I thought most utilities weren't allowed to increase rates to fund new development and that's semi an issue for new nuclear plants becaus
by lesuorac 1y ago
Is that premise true?
I thought most utilities weren't allowed to increase rates to fund new development and that's semi an issue for new nuclear plants because you can't add say 1 cent to everybody's bill to finance the loan until after it's been built. Which many people argue is a good thing considering America's inability to stick to a budget and inability to achieve economics of scale.
Although even if it's false. Adding more demand without a corresponding increase in supply leads to a price increase and I'd suspect most residential power demand is inelastic (hence the issue for Griddy customers during Texas's winter storms) so you're going to feel it for a different reason.