Get the latest tech news
Power utility built $95 million 500-megawatt power substation for Intel's $100 billion Ohio fab, but six-year delay leaves substation capable of powering 500,000 homes idle
Quite badly.
The utility company built a major substation specifically to meet Intel's expected power needs, but now it must wait years before it can start generating a return on its investment. Once the fabrication plant is active, Intel's electricity costs will be partially offset through small charges on residential bills under a program called the Distribution Investment Rider. Meanwhile, Intel has agreed to absorb any additional expenses if the project ultimately exceeds the original plan, which will protect AEP from financial loss caused by the Silicon Heartland delay.
Or read this on r/technology
