License renewal and investment costs driven by onerous California environmental regulations, that is.
It’s just astonishing to me that a state already in the frequent throes of power shortages, a state which recently imposed significantly more burden on its electrical grid by mandating electric cars by 2035, is also now gleefully blowing up some of the cleanest, cheapest sources of electricity it has. And to top it all off, spending $500 million to do so.
This is a great example of material comedic news outlets like the Babylon Bee or the Onion might have come up with in a brainstorming session, only to realize that they were already beaten to it by California.