There was never a deregulation that happened. In fact deregulation is what's needed to revive nuclear power. Competition in the power market is illegal in most states.
There was never a deregulation that happened. In fact deregulation is what's needed to revive nuclear power. Competition in the power market is illegal in most states.
Similar to the charter school scam, the scrappy upstarts bonded out lots of debt to buy up power plants and subsequently became a powerful lobby to keep their cartel tight.
Some of the remaining municipal energy co-op utilities were exempted from deregulation, and all of them have lower cost structures.
I know Massachusetts is a similar story, not sure about others.
Most of them are structured like real estate syndicates. It’s basically like building a strip mall or franchise hotel, except you have a captive customer and can leave the local taxpayer holding the bag. The educational mission is mostly a secondary concern. There are exceptions.
N.b. I don’t have kids, so this is mostly academic for me, no pun intended
As a result of that deregulation, the grid is often optimizing for cost, instead of reliability, which can lead to problems. Saving 5% on your power bill is great, but it's less great if the consequence is, say, not having any power one week of the year.