1 00:00:00,080 --> 00:00:03,560 Speaker 1: Hey, you have some uplifting news about electricity, and by uplifting, 2 00:00:03,560 --> 00:00:05,359 Speaker 1: i'm a thoroughly depressing facts. 3 00:00:05,680 --> 00:00:09,039 Speaker 2: So we've talked about this, electricity costs rising nationwide could 4 00:00:09,200 --> 00:00:13,160 Speaker 2: get even higher. This, of course because of the explosion 5 00:00:13,200 --> 00:00:17,680 Speaker 2: of the data centers and powering more a I surging 6 00:00:17,800 --> 00:00:22,320 Speaker 2: power bills, way way way budgets are getting stretched. Everything's 7 00:00:22,320 --> 00:00:23,040 Speaker 2: more expensive. 8 00:00:23,160 --> 00:00:24,640 Speaker 3: Rod time out, timeout, timing out. 9 00:00:24,800 --> 00:00:27,960 Speaker 1: You're saying these data centers are causing electricity prices to 10 00:00:27,960 --> 00:00:32,320 Speaker 1: go up. What breaking news. 11 00:00:32,600 --> 00:00:33,559 Speaker 3: So wait a second. 12 00:00:33,800 --> 00:00:38,760 Speaker 1: Yeah, we're bringing these things into our communities. They're gobbling 13 00:00:38,840 --> 00:00:41,920 Speaker 1: up valuable farm land that's feeding a nation. We're giving 14 00:00:41,920 --> 00:00:45,560 Speaker 1: them special tax abatements we don't give to anyone else. 15 00:00:46,600 --> 00:00:49,120 Speaker 1: And then for all of that, we're not really getting 16 00:00:49,120 --> 00:00:51,240 Speaker 1: employees because they for the most part, don't employ people. 17 00:00:51,240 --> 00:00:53,320 Speaker 1: We're just getting rising electric bills. 18 00:00:53,680 --> 00:00:55,040 Speaker 2: So the national average. 19 00:00:55,080 --> 00:00:55,840 Speaker 3: Did I miss something? 20 00:00:55,920 --> 00:00:55,960 Speaker 2: No? 21 00:00:56,080 --> 00:00:57,200 Speaker 3: You got it? You got it? 22 00:00:57,560 --> 00:00:58,360 Speaker 2: You want to keep going? 23 00:00:58,520 --> 00:00:58,760 Speaker 3: No? 24 00:00:58,760 --> 00:01:00,319 Speaker 1: No, I just I just I feel like they're must 25 00:01:00,360 --> 00:01:03,400 Speaker 1: be a you know, it's like the South Park episode 26 00:01:03,480 --> 00:01:07,080 Speaker 1: with underwear nomes, uh steal underwear something something profit Like, 27 00:01:07,120 --> 00:01:09,200 Speaker 1: there's something in the middle that I've missed here because 28 00:01:09,200 --> 00:01:12,160 Speaker 1: why would we be giving away tax incentives to people 29 00:01:12,200 --> 00:01:14,399 Speaker 1: that are making stuff more experience. 30 00:01:13,959 --> 00:01:17,039 Speaker 2: Expensive for people. Yeah. Yeah, So the national average for 31 00:01:17,160 --> 00:01:22,040 Speaker 2: a residential place electricity rose from sixteen dollars and forty 32 00:01:22,080 --> 00:01:24,840 Speaker 2: one cents to seventeen dollars and forty seven seven. What 33 00:01:24,920 --> 00:01:28,440 Speaker 2: was the numbers, sixteen forty one to seventeen forty seven. 34 00:01:28,480 --> 00:01:32,320 Speaker 2: Now that was nationwide. Yeah, So Indiana has seen an 35 00:01:32,360 --> 00:01:38,720 Speaker 2: eleven point five percent rise in our electricity costs. How much, Well, 36 00:01:38,760 --> 00:01:41,880 Speaker 2: we're the second highest in the Midwest twelfth. 37 00:01:41,480 --> 00:01:43,679 Speaker 3: Yeah, in the entire What was the rise, as you said. 38 00:01:43,560 --> 00:01:45,080 Speaker 2: A percentage eleven point five percent. 39 00:01:45,120 --> 00:01:46,040 Speaker 3: Eleven point five percent. 40 00:01:46,240 --> 00:01:48,440 Speaker 1: So that may not sound like much to you, but 41 00:01:48,520 --> 00:01:50,840 Speaker 1: think about if let's do the math. I mean, it 42 00:01:50,840 --> 00:01:53,320 Speaker 1: should sound like a lot to you. But if you 43 00:01:53,440 --> 00:01:56,720 Speaker 1: had one hundred and thirty dollars electric bill last month, 44 00:01:56,760 --> 00:01:59,680 Speaker 1: which depending on what you have in your house, that's 45 00:01:59,720 --> 00:02:02,400 Speaker 1: not at all out of the realm, or probably a 46 00:02:02,440 --> 00:02:05,040 Speaker 1: lot more for many people. But let's just let's let's 47 00:02:05,080 --> 00:02:07,920 Speaker 1: do a nice round number. Okay, let's say it's two 48 00:02:07,960 --> 00:02:10,080 Speaker 1: hundred dollars. If you have an all electric houst and 49 00:02:10,080 --> 00:02:13,080 Speaker 1: you got five to seven people in your house. That's 50 00:02:13,080 --> 00:02:18,160 Speaker 1: probably not outrageous. That's twenty dollars a month. Stravelate that 51 00:02:18,200 --> 00:02:19,920 Speaker 1: over twelve months, two hundred and forty dollars a year. 52 00:02:19,919 --> 00:02:21,320 Speaker 1: It's two hundred and forty dollars a year that just 53 00:02:21,360 --> 00:02:23,359 Speaker 1: disappeared for the exact same service you were getting the 54 00:02:23,400 --> 00:02:23,840 Speaker 1: year before. 55 00:02:24,000 --> 00:02:27,600 Speaker 2: Uh, not necessarily the exact same service. It could be 56 00:02:27,880 --> 00:02:29,400 Speaker 2: worse service coming up. 57 00:02:29,440 --> 00:02:30,680 Speaker 3: Am I getting less electricity? 58 00:02:30,760 --> 00:02:31,160 Speaker 2: Well? 59 00:02:31,560 --> 00:02:32,000 Speaker 1: You could? 60 00:02:32,160 --> 00:02:34,400 Speaker 2: I mean these AI data centers age. 61 00:02:34,440 --> 00:02:36,520 Speaker 3: Oh yeah, graining power. So not only do I get 62 00:02:36,560 --> 00:02:39,320 Speaker 3: more expensive electricity I could get let's to be determined 63 00:02:39,480 --> 00:02:40,240 Speaker 3: right now. 64 00:02:40,400 --> 00:02:44,000 Speaker 1: What think about the segment we did yesterday where that 65 00:02:44,040 --> 00:02:47,480 Speaker 1: Austin Bonta, who's the mayor of Portage and Nipskoe who's 66 00:02:47,480 --> 00:02:49,440 Speaker 1: the power provider up there. They had this big rate 67 00:02:49,480 --> 00:02:52,160 Speaker 1: increase and his constituents are outraged, as they should be 68 00:02:52,160 --> 00:02:55,359 Speaker 1: over it, and so he expresses that sentiment and it says, hey, 69 00:02:55,360 --> 00:02:57,080 Speaker 1: we got to fix the system. We can't have these 70 00:02:57,120 --> 00:02:59,000 Speaker 1: rate increases over and over and over again. You know, 71 00:02:59,000 --> 00:03:01,600 Speaker 1: it's just like with food, right or the rent or 72 00:03:01,600 --> 00:03:03,959 Speaker 1: the mortgage increase. You're pricing people out of living. We 73 00:03:04,040 --> 00:03:06,000 Speaker 1: got to do something. Once he get he gets some 74 00:03:06,200 --> 00:03:10,080 Speaker 1: crappy text from Ed Soliday, who controls utilities in the House, 75 00:03:10,200 --> 00:03:13,440 Speaker 1: basically threatening to cut off funding increases to his city 76 00:03:13,760 --> 00:03:17,200 Speaker 1: if he flaps his gums anymore about the i U 77 00:03:17,320 --> 00:03:21,440 Speaker 1: r C and the rate increases. These are the people 78 00:03:21,520 --> 00:03:24,400 Speaker 1: running our state. This is how they view you. The consumer, 79 00:03:24,639 --> 00:03:27,360 Speaker 1: shut up and pay. The state logo should be shut 80 00:03:27,440 --> 00:03:31,320 Speaker 1: up and pay. The sign those signs, those ugly rotten 81 00:03:31,440 --> 00:03:34,680 Speaker 1: signs and big letters should say welcome to Indiana. Shut 82 00:03:34,760 --> 00:03:37,240 Speaker 1: up and pay, because that's all our lawmaker's view you 83 00:03:37,280 --> 00:03:40,000 Speaker 1: as now is somebody who shuts up and to shut 84 00:03:40,080 --> 00:03:40,520 Speaker 1: up and pay. 85 00:03:40,640 --> 00:03:45,160 Speaker 2: Well, obviously, these data centers, they cause huge immediate energy demand. 86 00:03:45,600 --> 00:03:50,360 Speaker 2: They need grid upgrades, and you know the utilities are 87 00:03:50,400 --> 00:03:52,560 Speaker 2: just going to be passing these costs onto consumers.