Data center booster crowd needs a history lesson
What is it about top executives in monopoly utilities that makes them want to play cowboy capitalists? Case in point is NorthWestern Energy’s plan to provide power to gigantic data centers. With great ballyhoo across the state, NorthWestern Energy announced it signed a “letter of intent” to provide as much as 1,000 megawatts of electricity to Quantica Infrastructure for its proposed data center. That’s more than their current total electric load of 760 megawatts. That amount of power would use all of NorthWestern’s existing generation capacity.
You would think that this monopoly business and its top brass would be satisfied with its current situation. In exchange for providing power to its current customer base (that’s us), they receive a virtual guarantee they will not lose their investment for any reason. They also get a guaranteed rate of return on their investments that hovers around 10%. That is for the entire life of the facility regardless of economic conditions or competition.
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