Some obvious wordsmithing here intended to confuse. These are very weak arguments and I do not understand why it is a material concern to a Congressman other than an interest to interfere in US commerce on behalf of foreign entities. Why is Warren so concerned with a non-federal utility co's market rate agreements, or tax breaks granted by local governments? Its not at all her jurisdiction.
1- Fair Share payments- its a net benefit to all ratepayers if the system is upgraded thanks to expanded revenue from datacenters. Utility operators not correctly charging for services provided is a separate matter. Its reasonable to assume that Warren is getting into nitpicking on "wait who paid for THAT transformer??" Its very possible that some of these utilities are making mistakes, but they have their own board of directors and local oversight to address that matter.
2- NDAs- this was a big talking point in Memphis recently "I want to see the NDAs!!" but we have a utility co MLGW that is pretty effective and has to look out for its own long term interests. Warren has no business demanding to regulate that sort of deal making, unless of course the utility leadership is engage in corruption. Otherwise, its just business as usual that any other business engages in in the United State.
3- Tax Breaks- datacenters have such high price F&E tax related price tags that the laws weren't really written to consider a facility with $100B of value installed. A tax break is reasonable, and it is only "lots govt revenue stolen from schools" or whatever if the government is writing a check back out to the datacenter operation, which they generally are not to my knowledge. A tax that didn't exist yesterday and gets negotiated down for tomorrow is not "lost tax revenue" but an acknowledgment that the tax code, as written, is overly punitive to commerce, which I believe is Warren's goal, on behalf of foreign actors, to throttle US enterprise and dominance in intelligence.
1- Fair Share payments- its a net benefit to all ratepayers if the system is upgraded thanks to expanded revenue from datacenters. Utility operators not correctly charging for services provided is a separate matter. Its reasonable to assume that Warren is getting into nitpicking on "wait who paid for THAT transformer??" Its very possible that some of these utilities are making mistakes, but they have their own board of directors and local oversight to address that matter.
2- NDAs- this was a big talking point in Memphis recently "I want to see the NDAs!!" but we have a utility co MLGW that is pretty effective and has to look out for its own long term interests. Warren has no business demanding to regulate that sort of deal making, unless of course the utility leadership is engage in corruption. Otherwise, its just business as usual that any other business engages in in the United State.
3- Tax Breaks- datacenters have such high price F&E tax related price tags that the laws weren't really written to consider a facility with $100B of value installed. A tax break is reasonable, and it is only "lots govt revenue stolen from schools" or whatever if the government is writing a check back out to the datacenter operation, which they generally are not to my knowledge. A tax that didn't exist yesterday and gets negotiated down for tomorrow is not "lost tax revenue" but an acknowledgment that the tax code, as written, is overly punitive to commerce, which I believe is Warren's goal, on behalf of foreign actors, to throttle US enterprise and dominance in intelligence.