Doug Burgum

It's often a regulatory thing that's stopping, you know, like natural gas getting into New England. We've got, I mean, we're never gonna build an AI data center in New York or in New England if the price of natural gas is three times higher than it is in Pennsylvania. And yet they're still campaigning on, hey, we blocked this natural gas pipeline.

It's often a regulatory thing that's stopping, you know, like natural gas getting into New England. We've got, I mean, we're never gonna build an AI data center in New York or in New England if the price of natural gas is three times higher than it is in Pennsylvania. And yet they're still campaigning on, hey, we blocked this natural gas pipeline.

Everybody in Pennsylvania loves that because they'll get all the data centers. They'll get all the advanced manufacturing. In Arizona, you've got the TSMC plant coming there. That's going to require enormous amounts of power. People want to put data centers there. And yet their utility is just shutting down a coal plant. And it's like, OK, how are you going to power this stuff?

Everybody in Pennsylvania loves that because they'll get all the data centers. They'll get all the advanced manufacturing. In Arizona, you've got the TSMC plant coming there. That's going to require enormous amounts of power. People want to put data centers there. And yet their utility is just shutting down a coal plant. And it's like, OK, how are you going to power this stuff?

And so one of the goals we have is don't shut down any more baseload, preserve what we have and help, you know, get other get new sources of power permitted.

And so one of the goals we have is don't shut down any more baseload, preserve what we have and help, you know, get other get new sources of power permitted.

Yeah, we got to keep everything going. We got to go fast on the small modular nuclear. But again, that's really kind of in the 2030s. So that's in our next, it's in the important, but it's a little less urgent. We need to fast track all that stuff long term. That's where the solutions will likely lie.

Yeah, we got to keep everything going. We got to go fast on the small modular nuclear. But again, that's really kind of in the 2030s. So that's in our next, it's in the important, but it's a little less urgent. We need to fast track all that stuff long term. That's where the solutions will likely lie.

But in between now 2025 and 2030, a lot of it's going to come back to LNG because the fastest thing we can get online for more electricity generation is LNG power plants.

But in between now 2025 and 2030, a lot of it's going to come back to LNG because the fastest thing we can get online for more electricity generation is LNG power plants.

A big difference is, again, back to the regulatory environment. I mean, the regulatory environment on nuclear has been so burdensome in terms of adding to the cost and the timeframe of bringing it on.

A big difference is, again, back to the regulatory environment. I mean, the regulatory environment on nuclear has been so burdensome in terms of adding to the cost and the timeframe of bringing it on.

And then when that cost was put onto a utility and then utility felt they had to put that back on the rate, on the rate payers, their consumer customers, there was in some ways a revolt that it wasn't safety related. It was like, oh, you want nuclear, but now my electricity is going to cost twice as much. I'm not for that.

And then when that cost was put onto a utility and then utility felt they had to put that back on the rate, on the rate payers, their consumer customers, there was in some ways a revolt that it wasn't safety related. It was like, oh, you want nuclear, but now my electricity is going to cost twice as much. I'm not for that.

So we have to be able to get that regulatory regime down and allow them to go faster. And of course, on the SMRs, once that design gets approved, we should be able to have essentially like a manufacturing where we regulate the design, the design is proven and proved out.

So we have to be able to get that regulatory regime down and allow them to go faster. And of course, on the SMRs, once that design gets approved, we should be able to have essentially like a manufacturing where we regulate the design, the design is proven and proved out.

As long as the manufacturing plant is producing that same design, then we don't have to do this stick built, show up, you know, you work for a week, the inspector shows up, oh, this is off by, you know, one millimeter, you got to redo it. I mean, some of that is where you end up with the doubling of costs.

As long as the manufacturing plant is producing that same design, then we don't have to do this stick built, show up, you know, you work for a week, the inspector shows up, oh, this is off by, you know, one millimeter, you got to redo it. I mean, some of that is where you end up with the doubling of costs.

I mean, you can't, I mean, some of the projects that have just been completed, you know, that took, you know, close to two decades on nuclear and then had doubled the cost and doubled the time. You know, that's not economically sustainable. So part of it is we've got to streamline the process. But these smaller amounts, they can be daisy-chained. They could be great solutions.

I mean, you can't, I mean, some of the projects that have just been completed, you know, that took, you know, close to two decades on nuclear and then had doubled the cost and doubled the time. You know, that's not economically sustainable. So part of it is we've got to streamline the process. But these smaller amounts, they can be daisy-chained. They could be great solutions.