Sabree Beneshour

Charles Hua is executive director.

Utility bills have gone up about 40% over the last five years.

Utility bills have gone up about 40% over the last five years.

It's not just because of data centers, which are geographically concentrated.

It's not just because of data centers, which are geographically concentrated.

In fact, in a lot of places, it's not even mostly because of data centers.

In fact, in a lot of places, it's not even mostly because of data centers.

Our grid is getting old.

Our grid is getting old.

We're not using it efficiently.

We're not using it efficiently.

So it costs a lot of money just to replace and repair and modernize our grid infrastructure.

So it costs a lot of money just to replace and repair and modernize our grid infrastructure.

For years, there was underinvestment in the power grid as a way to keep prices down, according to Thomas Rollins-Reese, head of power market analysis at Bloomberg.

For years, there was underinvestment in the power grid as a way to keep prices down, according to Thomas Rollins-Reese, head of power market analysis at Bloomberg.

Underinvestment in the grid hasn't been a problem because U.S.

Underinvestment in the grid hasn't been a problem because U.S.

power demand has been stagnant.

power demand has been stagnant.

U.S.