Reported 1 day ago
CenterPoint Energy has increased its capital expenditure plan by $500 million to enhance its electricity grid in response to the anticipated surge in power demand from data centers, which is projected to triple over the next three years. This move is part of a broader trend, with other utility companies like Dominion Energy and Duke Energy also raising their spending plans. CenterPoint aims to invest $47.5 billion over the next decade to ensure grid resilience, as data centers are expected to consume a significant portion of the U.S. electricity supply.
Source: YAHOO