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Utilities (US electric grid)

privateBearish

Sector of regulated US electric utility companies operating and maintaining the national power grid.

1 take · first discussed Jan 17, 2026

Where they land
Bearish
Who's weighed in
Friedberg
Takes
1
First discussed
Jan 17, 2026

Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.

Where they stand now

FriedbergFriedberg
Bearish

Chamath argues that if distributed solar/storage and behind-the-meter private power generation materialize at scale, regulated utilities face an existential threat to their rate base, bond obligations, and capex returns — making them the 'biggest dollar short.'

E258 · Jan 17, 20261 call ↓

The discussion

The sole view presented is bearish, from Chamath Palihapitiya (medium conviction), who frames US regulated electric utilities as potentially "the single biggest dollar short" over a multi-year horizon. His core thesis is that widespread adoption of distributed solar, battery storage, and behind-the-meter private power generation could erode utilities' rate bases and undermine the bond obligations and capex returns that their regulated business models depend on. No other hosts offered a view on utilities in the supplied material, so there is neither agreement nor disagreement to note. The timing of the trade remains uncertain by Chamath's own admission.

How they got there

FriedbergFriedberg1 mention since Jan 17, 2026
BearishE258Jan 17, 2026⚑

Chamath argues that if distributed solar/storage and behind-the-meter private power generation materialize at scale, regulated utilities face an existential threat to their rate base, bond obligations, and capex returns — making them the 'biggest dollar short.'

I think the single biggest dollar short, it's not clear when, that one will be able to make will be on these utilities. Because if any version of what we just talked about happens and all of a sudden you have private homeowners that are”30:25
iAbout these quotes
Quotes are machine-transcribed from the episode audio — use the Listen links to verify any take against the source, or the ⚑ link to report a problem. Takes marked unverified, low-conviction, or commentary-only never move stances, the index, or the funds.