Easy...increase rates and set off profits directly against municipal levies.
That way the average person on the street doesn't lose, yet the miners are encouraged to get lost.
That way the average person on the street doesn't lose, yet the miners are encouraged to get lost.
This leaves the utility with a dilemma. Bitcoin miners can up and move pretty easily, but the hydro dams are stuck for life. If somewhere cheaper pops up, or if a double spend attack causes a bitocalpyse, the utility has little recourse but to pass on the costs to remaining consumers.