California’s ‘billionaire playground’ in crisis mode as booming industry threatens their home comforts

Lake Tahoe’s ultra-wealthy could be heading toward a power crisis as the data center boom behind many of their fortunes places growing strain on the electrical grid serving the area. About 50,000 people around Lake Tahoe rely on Liberty Utilities. The company receives about 75% of its electricity from Nevada-based NV Energy. But that arrangement is expected to change. NV Energy plans to end its decades-long power agreement with Liberty in May 2027, leaving the California utility scrambling to secure enough replacement electricity to continue serving customers. California’s Lake Tahoe is home to billionaires including Mark Zuckerberg, Google co-founder Sergey Brin and Oracle co-founder Larry Ellison. Getty Images Liberty told California regulators on March 6 that NV Energy had reversed its