Data centers are rapidly increasing their power needs, doubling average loads from 150 to 300 MW between 2023 and 2024. This surge benefits regulated electric utilities that secure long-term contracts, turning infrastructure investments into reliable earnings and dividends. Five U.S.-listed utilities—Southern Company, Duke Energy, WEC Energy Group, Xcel Energy, and Consolidated Edison—are highlighted for their strong dividend yields and growth prospects tied to data center expansion and electrification trends. Each company offers different risk and growth profiles, with some emphasizing stable income and others focusing on aggressive capital spending to capture future demand.
Southern Company is highlighted as a solid long-term utility investment, benefiting from a favorable regulatory environment and disciplined management. It offers a 3.4% dividend yield with 24 consecutive years of dividend increases, and is expected t...
Georgia Power received approval from the Georgia Public Service Commission for 1,137 MW of new solar power purchase agreements under its CARES 2023 and CARES 2025 programs, marking the largest single solar procurement in the company's history. These ...
PowerSecure, a Southern Company subsidiary, has agreed to deliver a customized backup power solution for Keel Infrastructure's data center campus in Moses Lake, Washington. This project supports Keel's growth in digital infrastructure by ensuring rel...
