# Fresh intel from state utility regulatory filings

- Show: [Catalyst](https://hardwarepodcasts.com/podcast/catalyst)
- Published: 2025-07-03
- Length: 36m
- Page: https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings

## Summary

Nat Bullard, co-founder of Halcyon, joins host Shayle Kann to analyze state utility regulatory filings, revealing how massive data center interconnection requests are overwhelming small utilities like Duquesne Light and Rappahannock Electric Cooperative. Bullard highlights that new gas plant costs have doubled to approximately $2,400 per kilowatt, while smaller utilities face sharp rate hikes, such as a 21.5% increase by the Village of Glugno Electric Light Department in Vermont. The conversation explores the tension between data centers and traditional industrial loads, the risk of rising retail electricity rates, and the potential for energy efficiency and distributed energy resources to mitigate these costs.

## Chapters

- [0:07](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=7) Introduction: Nat Bullard and Halcyon's regulatory analysis
- [5:39](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=339) Pennsylvania on-bank hearings and data center interconnection impacts
- [8:55](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=535) Rappahannock Electric Cooperative and tariff design challenges
- [15:12](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=912) Kentucky: Data centers vs. industrial incumbents like Nucor
- [23:40](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=1420) Small utility rate hikes in Vermont and Mississippi
- [29:31](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=1771) The case for energy efficiency and distributed energy resources
- [32:07](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=1927) Demystifying new gas plant costs and construction timelines
- [34:47](https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings#t=2087) South Dakota: Antora's custom tariff and one-of-one solutions

## Topics

- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Energy & climate tech](https://hardwarepodcasts.com/topic/energy-and-climate-tech)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Direct-to-consumer & e-commerce](https://hardwarepodcasts.com/topic/direct-to-consumer)
- [Validation & product-market fit](https://hardwarepodcasts.com/topic/validation-and-product-market-fit)

## Most relevant to

early-stage companies

## Mentioned

- Halcyon (company)
- Duquesne Light (company)
- Rappahannock Electric Cooperative (company)
- Nucor (company)
- Village of Glugno Electric Light Department (company)
- Great River Utility Operating Company (company)
- Antora (company)
- Otter Tail (company)
- NextEra (company)
- Energy Hub (company)

## Related episodes from other shows

- [Renewable Energy Policy with Ari Gerstman](https://hardwarepodcasts.com/podcast/the-amp-hour/2023-05-02-renewable-energy-policy-with-ari-gerstman) (The Amp Hour)
- [Like a steam engine in your house](https://hardwarepodcasts.com/podcast/the-amp-hour/2025-04-15-like-a-steam-engine-in-your-house) (The Amp Hour)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/catalyst/2025-07-03-fresh-intel-from-state-utility-regulatory-filings. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to Catalyst.