U.S. Utilities Plan $1.4 Trillion in Capital Expenditures Over Five Years to Modernize Grid and Meet AI Demand
U.S. investor-owned utilities have increased their capital spending plans by over 20% for the next five years, aiming to upgrade aging infrastructure and meet rising electricity demand driven by the AI boom. The total planned investment is $1.4 trillion, signaling significant growth in the sector.
Topics: AI_demand capital_spending power_grid utilities