The seizure of public utilities for the sake of profit may lead to a disaster for consumers — and the planet. Ratepayers across the U.S. are facing rising electric bills — a trend that could be turbocharged by Wall Street’s growing effort to capture the electric utilities we all depend on. A critical turning point in this development occurred in October when Minnesota state regulators greenlit the acquisition of Allete by asset management behemoth BlackRock. Allete subsidiaries own large portions of Palm Coast’s Town Center.
data centers
AI Supercharges Data Center Energy Use, Straining The Grid and Slowing Sustainability Efforts
Data centers have had continuous growth for decades, but the magnitude of growth in the still-young era of large language models has been exceptional. AI requires a lot more computational and data storage resources than the pre-AI rate of data center growth could provide.
Data Company Seeking Easements Discovers Flagler Beach Commissioners Won’t Be Cowed Into Submission
The Flagler Beach City Commission will not grant a data-center company a perpetual easement over almost a third of Veterans Park in the heart of the city as a landing point for undersea internet cables. The company was attempting to save money at the city’s expense. City commissioners explicitly called out the scheme, tabling the proposal until DC Blox returns with a feasible proposal to use South 6th Street as a landing site, without disrupting the city-owned parking lot there or compromising its future value to the city.
Secretive Data Company Getting Stiff Resistance from Flagler Beach Over Perpetual Easement at Veterans Park
DC Blox, the Atlanta-based data company working with Palm Coast to open a data center there, is about to face stiff resistance from some Flagler Beach City Commissioners as it seeks a permanent easement through Veterans Park, one of the city’s iconic treasures. Officials are not happy with the choice they’re being given at Veterans Park, the paltry, one-time compensation the city is being offered–$100,000 per cable landing–or the way DC Blox has attempted to keep negotiations out of the public eye, especially about money.