Is the sacred principle of ratepayer neutrality officially dead, signaling a fundamental shift in utility cost allocation across the US? Unprecedented, exponential load growth, mostly driven by AI data centers and accelerated electrification mandates, is pushing the US power sector into a national reliability emergency. This episode analyzes the significant October 2025 Ohio precedent, where the PUCO approved a special tariff explicitly shifting huge infrastructure costs and risk onto high-impact users like data centers, breaking from prior models. Utility leaders must immediately stress test their current rate case strategies to avoid regulators allocating costs directly to single large users.