[rogerrogerr]

And I’m saying the electricity companies will have excess power, but will also have excess debt to service on infrastructure they now don’t need. They’ll get rate hikes approved to force the remaining ratepayers to pay down the capex.

Also, a bunch of that money they spent will be on transmission infrastructure that is 100% useless if you aren’t moving that amount of power along exactly that route.

[blobbers]

No, the public utilities aren't the ones taking the debt to fund the power generation for some direct data centers.

Companies like Bloom Energy are putting up power plants right next to DCs. If datacenter power demand then these companies will sell back to the grid creating an oversupply.

If the debt load is too high they're need to declare bankruptcy, at which point the bond holders will lose their capital, not the public.