You should get ready for soaring electric bills
There is a ticking time bomb hanging over the U.S. economy. The nation’s electricity grid operators and utilities are projecting rapidly approaching power shortfalls. And instead of helping address the crisis, U.S. energy policy is making a bad situation far worse. Power demand is suddenly soaring. New battery and semiconductor manufacturing, reshoring of supply chains, and the arrival of electric vehicles are all driving demand. But it’s the emergence of artificial intelligence and the exponential growth of enormous data centers—with the power needs of small cities—that is ...