At least 10 companies are poised to act. It is difficult to predict future needs for energy. California erred on the low side. But missing on the high side can be equally bad. Residents would have electricity available, but it would be at a high cost.
Electricity is a unique commodity.
It must be available, instantly, on demand. Keeping huge reserves available and not being used is expensive. That is why plants run most efficiently when the load is near the system's capacity, and stable. If Florida's investor owned utilities build the capacity that is being forecast, they could err on either side. In either case, their ratepayers would be left holding the bag for inaccuracy.