Wall St. Firms Are Buying Utilities to Tap Into the A.I. Boom
A story like this tells us a couple of things: (1) utilities are seen as having especially attractive returns given their low risk and (2) their growth prospects are especially attractive because they face little competition. State policymakers and regulators should be bothered by this because it strongly implies their voters aren't getting a good deal.
One way that state policymakers can create some competition is by enabling "Consumer Regulated Electricity" or CRE. CRE policy would allow the creation of new, independent, competitive, and large-scale utilities. These new "CRE Utilities" could move fast and bring forth unimaginable innovation, the likes of which we haven't seen in the electricity sector in more than a century. To learn more about CRE, send us a message here on LinkedIn, follow us here, and check out our website @ Advocates4CRE.org.
