John Bridge

@biglawbro Construction loans could work like swaps with an LSTA as an enabling agreement like an ISDA and then punch out project specific CPs, reps, covenants and EODs on a schedule or confirmation.

met this guy at a party. they do all their loans on the same form w the same term sheet, and he says his shop would be really interested in someone standardizing the process w AI and would even pay a premium if it meant the docs went out sooner than usual. in my experience, construction loans are too complicated for AI. but do you think with a large sample of form precedent, a process could be set up? it seems maybe the better question for analyzing whether AI can do something is the level of complexity involved in the task rather than the doc. drafting a construction loan agreement end to end falls into the "currently too complex for AI category". but if we start working on it now, will it be able to do it in 2 years? i think so. selling ppl on the idea of an AI RE Law Firm is like selling umbrellas in a rainstorm without being sure the umbrellas work. maybe the answer is to start selling them at a big discount with a warning and a notion that it's an investment in a process that's going to pay off.

Good to see nuclear finally getting into the queue - sine qua non

Confirmed that Commonwealth Fusion applied for a grid connection to PJM, first interconnection request in history from a fusion power plant.

@biglawbro Quit now unless you have potential business of 5m or more in the next 3 years. You can always come back to big law (assuming market is strong) and in the meantime you’ll expand your network and diversify your experience.

@jabridge non

i've been in NY real estate big law for 10 years working 70 hr wks on $50M - $3B transactions for all asset/deal types. am a yr out from guaranteed partner. but thinking about starting a solo legal practice doing work for ppl that can't pay big law rates. i want to get mixed in w the business side and eventually become a developer. is it nuts to quit now or do i wait until partner?

Wanted: billions of solar panels

@clawrence No new nuclear shows up in the interconnection queue in ERCOT or any of the wholesale markets as far as I can tell.

Question.. The Inflation Reduction Act added a major investment tax credit for new nuclear of 30%, which survived the OBBB, along with the various production tax credits that are out there. Why are there no new major nuclear power plants under development in ERCOT? Or are there?

I have a suspicion that interconnection studies should take about 10 minutes to run tops.

Google paid 3x for Intesect Power than what they did for YouTube. Everything is energy.

@AmericanGwyn There Will Be Blood belongs on this list

1. SEVEN SAMURAI (1954) 2. MILLER’S CROSSING (1990) 3. THE ASSASSINATION OF JESSE JAMES… (2007) 4. GOODFELLAS (1990) 5. THE PROPOSITION (2005) 6. RESERVOIR DOGS (1992) 7. REAR WINDOW (1954) 8. THE EMPIRE STRIKES BACK (1980) 9. JAWS (1975) 10. HEAT (1995)

work dinners should be illegal. rob you from your family, pretend to enjoy drinking with strangers, spend too much, get home late and feel horrible. work breakfasts are aristocratic, separate lazy boys from early to rise men, feel great when you get to work, easily expensible

@AlexEpstein it’s not the regulation or the tech that we need to unlock; it’s the cash equity on construction risk

How to unleash SMRs My testimony to the House Oversight Committee Summary: 1. Strip out the many inefficiencies of NRC licensing 2. Use General EISes by default 3. Replace LNT and ALARA with science-based radiation limits 4. Open "nuclear innovation zones" on federal lands

@rmcentush @dwarkesh_sp @JigarShahDC This is the correct answer.

@dwarkesh_sp @JigarShahDC is probably the best to chat policy, geopolitics, and how you actually finance/build it

Looking for an energy expert to interview on my podcast. I want to get in the weeds on what will happen the wild AI worlds. As AI actually becomes capable of substituting for human labor, your country's GDP will be denominated by your AI population size, which is downstream of energy. What does this mean for different countries? Given how fast the US falling behind China in electricity generation, what would it take for us to make up the ground? What are the most plausible sources (natural gas, nuclear, solar), what are their supply curves, the main physical or regulatory bottlenecks that would slow down a ramp up, etc. Who's the right guest to chat this through?

@Nuclearjunkie There are off grid data centers?

News flash, all of the off-grid data centers are planning on primarily running off of NG, not wind or solar. Data centers still run at night and in bad weather and battery storage is still orders of magnitude off of where it would need to be to run predominantly on Wind/Solar.

some thoughts from a solar dev: -most people overestimate the value of ptc/itc - it’s reasonable to say we should do without them from the perspective of industry only - BUT tax credits are a stand in for the correct free market solution to CO2 externalities = carbon tax (1/n)

@TermPowerTrader Agree with this. Offtake prices will probably go up and the biggest IPPs will consolidate market power as developers who can’t carry costs exit the market. Interconnection queues might thin too. But deployment will keep pace.

I really don't think that repealing PTCs/ITCs will slow down the deployment of renewables that much in the face of load growth. You might see less solar and more storage or wind on net but that's probably it. You still can't get a gas turbine right now.

@FatherMcKennaa I think Orange Sunshine was a Nick Sands production. Or so the historians say.

Before LSD blotter paper, we had microdots. The most famous of these miniature pills was a batch called "Orange Sunshine". Dosed at 200μg & rumored to be extremely pure, they were created by Owsley Stanley—a clandestine chemist & sound engineer for the Grateful Dead.

I humbly request we stop using the term "baseload" to refer to generation. Baseload refers to the minimum level of electricity demand over a given time period, and has nothing to do with generation. What time period? A year? A season? A day? Not defined. More relevant characteristics to evaluate generation are availability, capacity factor, ramp rates, load following, cost, etc. In many cases, flexible generation is much more valuable than static generation that can't respond to demand fluctuations. I feel like my whole X feed is "baseload good, everything else bad". Life is not that simple.

Jamie Dimon is right

One of the oddest things in the House budget bill was cutting the private market incentives in energy markets. 81% of incremental power generation will be crippled by that single stroke of the pen. How do we compete in AI and compete against China? They have an abundance of power. We are woefully behind and need MORE power immediately. It’s almost like these guys want us to lose to China.