Cato energy director @ts_fisher argues state utility regulation makes no sense for private power deals, because if ExxonMobil is selling power to Google, neither company needs protection from the other: "If a power supplier and a bunch of hyperscalers band together and build a new grid and there's five customers there, in most states a retail sale from one entity to another makes them a public utility subject to all sorts of regs and red tape." "The current model basically says, if you're…