Comment by recursive

> Money can only be spent once

Nope. One of the fundamental premises of money is that it circulates. The only way money could not be re-spent is if the money supply were to decrease.

The total volume of new power generation is going to be mostly determined by how much those capital holders value it. If there's more utility in power this year than last, we may see more new starts in generation projects, regardless of which type of generation those projects are doing.