Utilities are in a weird situation of being private, but extremely regulated, especially for nuclear. I don’t know how NY and MI work, but in my state, the electric company has to ask for approval for rate hikes.
Since there’s already so much overlap, I’m honestly okay with the federal loans here, especially with the level of assets the company already has, which makes it a really low risk loan (though I don’t know the terms of the loan). All that’s really happening here is the federal government is giving it a lower rate.
Utilities are in a weird situation of being private, but extremely regulated, especially for nuclear. I don’t know how NY and MI work, but in my state, the electric company has to ask for approval for rate hikes.
Since there’s already so much overlap, I’m honestly okay with the federal loans here, especially with the level of assets the company already has, which makes it a really low risk loan (though I don’t know the terms of the loan). All that’s really happening here is the federal government is giving it a lower rate.