Good. The hyperscalers must pay their own way and produce/transmit a little extra for the public good.
From Global Data via Yahoo Finance, November 4:
The financial responsibility for necessary transmission and distribution upgrades remained unresolved.
The US Federal Energy Regulatory Commission (FERC) has rejected an amended interconnection service agreement proposing to increase the load capacity of Amazon's data centre at the Susquehanna nuclear facility in Pennsylvania.
The amended agreement was executed between Talen Energy, PJM Interconnection and PPL Electric Utilities, and aimed to increase capacity at Susquehanna from 300MW to 480MW.FERC was concerned with the agreement's potential impact on the public, as increased capacity for the data centre could lead to higher power bills and affect the grid's reliability.
The regulatory body pointed out that diverting large amounts of power from the regional grid could result in a loss of supply, impacting electricity costs and grid stability....
....MUCH MORE
Quite a few of the names are down on the news including some of the old-line utilities such as Constellation Energy (down 10.8%).
Previously on Talen, March 6 - Amazon Just Bought A Nuclear Powered Data Center
Recently on the group, Oct. 27:
"Big Tech Is Betting on Nuclear Energy to Fuel A.I. Ambitions—But There’s One Problem"
Insightful reader (and most of ours are) may have noticed that amidst the hubbub surrounding small nuclear reactors powering artificial intelligence we haven't really pitched the companies, the Oklos and NuScales and Nano Nuclears and there's a reason for that: they aren't businesses yet. At best they are trading cards, lottery tickets, call options with unknown terms of exercise and expiration.
This view of the nascent group can look pretty darn fuddy-duddy in light of some of the moves in the stocks—60% to 120% in the last month and over 400% year-to-date but before they get to the point of having sales and earnings and cash flows there will be other opportunities to buy them, or their new competitors coming up.
Once again it's Adam Smith and The Great Winfield and the Voodoo Beach Bunnies.*
And the headline story from Observer...
