If you read the article, it’s because power companies are monopolies and so we’ve regulated them rather harshly. They are often compelled to build infrastructure to meet demand, for example. We don’t make the provider of a steel mill, housing builder, etc pay (generally).

And that’s weird, right? It’s one area of the market where we do a planned economy, and all states manage it differently. Now it’s being stress tested in a new way.