Dave Walsh

Utilities are feeding the rate payers, the residential rate payers, expensive solar power.

But yet turning around and giving data center and AI clients very cost effective gas fire.

I don't know.

That's got to be equalized and made, as Secretary Wright says, non-discriminatory across all rate payers.

You saw the problem down there, you might be.

Fire and all.

Well, Steve, we've had in PJM, which includes Pennsylvania, New Jersey, Maryland, Delaware, other states, Virginia, eastern Ohio, PJM, that part, that grid of the U.S., we have now seven years to eight years of zero baseload construction of power plants, of any new power plants.

We've had the power plants that matter, ones that run on natural gas.

Or coal.

What we have had is the shutdown during that time period of many, many more hundreds of power plants that run on coal, some on oil, along with the non-building of baseload combined cycle plants.

And the endeavor to replace that with four-hour-a-day, five-hour-a-day solar and seven-hour-a-day in some markets went.

That doesn't work.

That creates a massive shortage.

In addition to that, just now in the last year and a half, we've had this performative, I call it performative because it hasn't really happened yet, AI boom.

AI and server centers are a big deal already.

Server centers in Northern Virginia.

AI is announcing a number of projects across PJM where they and some companies are now building their own capacity.

Others are stealing capacity.

such as Google just bought two dams on the Susquehanna, 700 megawatts worth of hydropower that they're now claiming they're going to be green.

But that power's been there in supporting the grid and the average ratepayer for 60 years, the 700 megawatts they're acquiring to support another AI facility that they're building.