Sure, but why should regular people pay for the upgrades needed to power data centers? The tech companies can surely afford that easily given their record profits for the past decade?
Like, don't get me wrong, if we want to start talking about more centralized organization of the economy that operates on the calculated total benefit it provides to people in general, I am personally all for that. But something tells me that is not quite the argument you are wanting to make here, right?
So, you could think of it like this:
New customer: 100k-500k. Existing customers: 5% rate hike or 1M-100M/year in increased payments.
Per customer this may be minor but there are many customers.
The problem has been we have no system for proactive construction of new generation. Note: up until recently in the US demand has been mostly flat. We have been building significantly more power efficient systems so utilities did not know we would see a massive demand spike.
China somehow was able to harden against this and continued to improve infrastructure.