This argument would make a terrific amount of sense if we were actually paying for net new infrastructure.  In most cases, we aren't.  We are paying for poorly negotiated contracts with power providers, overpaid management, and a long history of bungling.

The grid is still antiquated, it will be a long time and a lot more money before shuttered nuclear plants are back on line, and the contract to buy clean power from Quebec, is for some unfathomable reason, at a rate far less competitive than NY state gets.

We aren't paying off a long term mortgage with shrewdly negotiated terms.  We are paying off past excess and foolish decisions.  The analogy that pops into my mind isn't a homeowner, it's a millenial who overused credit for fleeting and illusory taste of the good life.