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A comment on US utilities plot big rise in electricity rates as data centre demand booms. Parent comment

Re:US utilities plot big rise in electricity rates as data c... by danans on Thursday July 10, 2025 @02:54PM (#44524262)
> The "jobs" justification for these is a joke: datacenters create a couple dozen mediocre jobs in the area, and hundreds of well-paid ones way off in Silicon Valley. California reaps the rewards of you wrecking your own revenue base.

Silicon Valley != California

Wall Street and its associated global oligarchy reap the rewards, not the average Californian, who pays the costs via higher climate change risks, insurance costs, and energy costs.

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Re:US utilities plot big rise in electricity rates as data c... by somanyphotons on Thursday July 10, 2025 @03:04PM (#44524367)
Its the thin strip of real estate owners along the San Francisco to San Jose corridor who reap all the rewards
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Re:US utilities plot big rise in electricity rates as data c... by danans on Thursday July 10, 2025 @09:01PM (#44527408)
> Its the thin strip of real estate owners along the San Francisco to San Jose corridor who reap all the rewards

They reap a lot, but hardly all the rewards.

Per capita the majority goes to VCs and the C-suite, and their wall street comrades.

[ Parent | on HN ]