Why aren’t black holes infinitely produced?

Unitarity and locality imply a remnant solution to the information problem, and also imply that Reissner-Nordström black holes have an infinite number of internal states. Pair production of such black holes is reexamined including the contribution of these states. It is argued that the rate is proportional to the thermodynamic quantity Tr${\mathit{e}}^{\mathrm{-}\mathrm{\beta }\mathit{H}}$, where the trace is over the internal states of a black hole; this is in agreement with estimates from an effective field theory for black holes. This quantity, and the rate, is apparently infinite due to the infinite number of states. One obvious out is if the number of internal states of a black hole is finite.