Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom by Jennifer Hiller
U.S. utilities are planning a historic investment spree to patch up an aging power grid and meet rising electricity demand for the artificial-intelligence boom. Capital spending plans for 51 investor-owned utilities have reached an estimated $1.4 trillion for the next five years, according to a new report from PowerLines, a consumer education group. That is up more than 20% from a year ago, when the companies planned to spend about $1.1 trillion over a five-year period. The record levels of capital investments are being driven by fresh demand on an aging electricity system that already needed upgrades. Unlike any prior customer, new AI data centers can consume the same amount of electricity as an entire city, with high demand around the clock. Beyond AI, many utilities are trying to keep up with growth in manufacturing, electric vehicles and residential markets, too. Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom – WSJ

