Jeff Guo
๐ค SpeakerAppearances Over Time
Podcast Appearances
Or the data center company could show up, connect to power, but just take forever to start using and paying for all the electricity they asked for.
Or they could change their mind and close up shop after a year or two.
If any of that happened, it would be the rest of AEP Ohio's customers who would end up getting stuck footing the bill.
Like you say that I'm the president of AEP Ohio and somebody's... Yeah, I sometimes just want to be Mark.
If AEP Ohio raised rates for residential customers to connect all these data centers, it would, to say the least, be pretty politically unpopular.
And remember, if Mark wants to raise rates, he has to get permission from the Public Utility Commission, which is appointed by the governor...
Who has to answer to voters?
So Mark had to find a way to thread this needle.
What they came up with was a pretty innovative set of new rules.
Rules just for data centers.
AEP Ohio would require data centers to start paying for the vast majority of the energy they requested within four years.
And the data centers had to put up millions of dollars in case they didn't end up sticking around.
The new rules got approved by the State Utility Commission and went into place earlier this year.
It's one of the first data center-specific utility rates in the country.
And using the data from Ken's spreadsheet of all his electric bills and
talking to energy experts, we estimate that only about 10 or 20 percent of the price increases Ken and Carol saw were because of AEP Ohio.
AP Ohio, though, they are just the local distributor.
Their job is only to bring electricity the last mile to people's homes.
Cameron Ali is in charge of a big chunk of that grid of power lines across 11 states.
When Cameron closes his eyes, he says he can visualize the whole thing.