"The water analogy does not work for AC."
It does work, but you have to switch the direction of water flow (I) and the direction of height difference (U) at the same time.
“this plant supplies enough power for 1000 homes per year.”
Oh, I love it. So after 50 years it can power 50,000 homes.
"I am baffled that 123 years after Steinmetz, tedious methods are still being taught to students, including ), and forms."
Is there something missing? I'm not sure if students always know about complex numbers at the point where AC is introduced. I had some basic AC stuff in school, but no complex numbers as far as I remember (and even if we had them, then certainly later).