Oracle Was an AI Darling on Wall Street. Then Reality Set In.
Business prospects can swing from fantastic to not so fantastic quickly, ala Oracle in the linked article. Forecasts for electricity demand growth can do likewise. As a result, capital investments based on fantastic forecasts are very risky. While risky investments are fine for private investors, they should not be placed on the backs of ratepayers who are captive to regulated systems. What should we do then in this era of fantastic demand growth forecasts? We should let private investors take on the risk. “Consumer Regulated Electricity” (CRE) will allow the building of new, independent, competitive, and large scale utilities that will place the risk on private investors, not on captive ratepayers.
