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I've thought about that too. The upside is that strategically done you may be able to tap heat in such as way as to reduce the likelihood of eruption - but then again - just installing the infrastructure could set something off.
On the positive side, who the heck is going to be left to sue you either way?
Exactly on all points. You certainly wouldn't want to trigger an eruption, if that is possible. AFAIK this concept hasn't been looked at, so why not have the best geologists in the country and/or world look at it? On a human energy needs level, this is an unlimited free power and clean power source. Free in the sense of the energy itself, not the infrastructure. You just have to tap into this free power source.
The utility companies are powerful entities, no different than the fossil fuel companies. I have no love for them, and actually hate the electrical utilities more than the oil companies by a far margin. If Uncle Sam put them out of business and did a socialist federal power company, it couldn't be any worse than the current situation of localized monopolies with guaranteed profits. There is no free market capitalism when it comes to electricity, and it is getting worse as time goes by.