@TedNordhaus@AlexCKaufman Yes the congressional politics right now are not great for new tax credits. A substantial part of the US still has monopoly utilities but I agree there are new challenges. I think achieving China-like GW scale builds is doable in the US but we have to really really want it.
@Atomicrod@JigarShahDC I don't know what his plan is but im guesssing the new public entity could issue at least some bonds based on future revenues. IDK how far that gets. Maybe pass a special law? I dont think an IOU has been muncipalized by entities larger than a small town in a long long time.
@EnergyLawJeff@mattyglesias Don't the remaining areas that are old school vertically integrated monopolies on average have lower prices than the RTO areas?
@UrbanCourtyard@cornoisseur my friends and i started playing in the alley probably age 8 or 9. nerf guns and the like. but also there were very few cars and the cars were slow. no broken glass. im totally on board for courtyards though. big fan.
@cornoisseur@UrbanCourtyard As a kid i played in an alley a lot. it was fun! perhaps not as useful as the courtyard for play. But one plus is that you never leave your trash out on the main street where everyone smells it. and it created parking off the main street so the street wasn't always packed.
When Republicans control the White House, they abuse the permitting process to block solar & wind projects.
When Democrats control the White House, they abuse the permitting process to block oil & gas projects.
But energy infrastructure projects of all kinds require massive upfront investment (nuclear, solar, geothermal, wind, transmission, batteries, nat gas, etc).
Investors won't finance the billions of dollars in capex we need in such an uncertain regulatory environment.
Energy abundance requires permitting certainty, and the Freedom Act is the first bill that would make it happen.
@crampell I think the argument from Oren Cass for tariffs is that they cause harm in the short run but lead to re-shoring in the long run. Any chance that trends you highlight reverse?
It's real: Indian Point nuclear plant can run again.
Call it a Rebuild rather than a Restart.
Containment dome cuts might be the easiest thing. No tensioning so just patch the hole and you're good to go.
Turbines are ready to go.
Hardest may be the reactor heads and internals. Need to order new heads from Korea or Japan.
In total: as short as four years and in the best case a few billion dollars each. Call it $10b for as much as $20 billion in market value of electricity over the next twenty years of plant life post rebuild. Indian Point could then run for decades longer than that.
I'm convinced. This needs to happen.
I was on the biggest solar farm in Canada with 1.5 million panels.
The most interesting thing I saw was the solar panels have increased the yield of the grass by protecting it from the sun and wind.
I've become friends with the farmer who is fifth generation and he has built up a herd of 2,000 sheep to graze it.
The panels have provided a ton of value to his family's land.
Do it! More than two gigawatts of round the clock emissions free power deliverable straight into NYC. Closing it was a huge mistake. Let's fix that mistake now.