

It’s interesting to me that we don’t do this for all industries. Like, if a big auto manufacturer or textile company sets up shop, the local power company is compelled to build more power plants for them (sometimes the power company eats the cost, sometimes a deal with the provider, etc. See the article). Monopolies are weird.


If you read the article, it’s because power companies are monopolies and so we’ve regulated them rather harshly. They are often compelled to build infrastructure to meet demand, for example. We don’t make the provider of a steel mill, housing builder, etc pay (generally).
And that’s weird, right? It’s one area of the market where we do a planned economy, and all states manage it differently. Now it’s being stress tested in a new way.