U.S. data centers are projected to consume up to 12% of the country's electricity by 2028, fueling a surge in demand for power infrastructure. Five major utilities—Public Service Enterprise Group, Duke Energy, Southern Company, Dominion Energy, and NextEra Energy—are positioned to benefit from this growth through large capital investment plans and rising capacity prices. These companies are expanding nuclear, gas, and renewable power generation to meet data center needs, supporting steady dividend growth and earnings. The utilities' regulated rate bases and long-term contracts with hyperscalers provide a strong foundation for sustained financial performance amid the AI-driven energy demand boom.
U.S. utilities like Duke Energy are forming partnerships with large tech hyperscalers to share the financial risks of building new nuclear reactors as electricity demand hits record levels. Duke Energy, which operates the largest nuclear fleet in the...
Temperatures in the Carolinas are expected to reach the 90s, increasing demand on cooling systems and energy consumption. Duke Energy advises customers to set thermostats to the highest comfortable level, use cooler water for laundry, run appliances ...
