U.S. utilities are planning a $1.4 trillion spending spree, up 30%, over the next five years amid the AI construction boom
Fortune
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Capital spending plans and consumer rate hikes are rising in tandem even though they aren't directly linked.
Utilities' $1.4 Trillion AI Binge
- $1.4 trillion utility spending spree to keep up with AI data centers could hike electric bills: study NY Post —
- Utilities to spend $1.4 trillion over 5 years amid data center boom CBS News —
- Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom Wall Street Journal —
- Xcel Energy CEO says US must scale up power infrastructure to meet AI challenge Semafor —
- Constellation CEO says US not ‘going to win’ the race with China on building out energy for AI Semafor —