Edison International executives face pay cuts over wildfire liability, marking a massive shift in corporate governance, while OGE Energy negotiates a shocking 1GW data center contract for a single customer. We analyze how this AI-driven demand is fueling a rally that sees utilities outperforming the S&P 500, even as legal threats to securitization bonds in Oklahoma loom. The discussion explores the growing "ratepayer fatigue" hitting municipal utilities and questions who will pay for the infrastructure if the tech boom slows down. Listen now to understand the dangerous tension between record-breaking growth and the physical risks threatening the grid.