However, I do recall back when there were grid problems in Texas a few years ago someone justifying the high prices California paid as due to their high grid reliability and solid regulatory framework (California pay 2x as much IIRC). I'm too far away to really get into the details but it'd be much more interesting to have a comparison on the reliability of the Californian grid compared to other US states and even countries. When it comes to high availability the diminishing returns to spending set in pretty quick and I get the impression there is a slow return to economic reality happening as voters are forcing governments to start paying attention to energy again, environmentalists or otherwise.