U.S. Investor-Owned Utilities Plan $1.4 Trillion Capital Spending Through 2030

U.S. 4 trillion on capital projects through 2030. 4 trillion spending plan represents a more than 21% increase from five-year projections outlined last year. Benzinga reported on the details from a PowerLines analysis.

PowerLines released a report on Tuesday. The report is based on the analysis of 51 listed utility companies' latest earnings calls. The primary drivers for the spending growth are the boom in AI power and the construction of data centers.

Other factors such as aging infrastructure, climate change, increasing electrification, and population growth have contributed to a 40% increase in utility bills since 2021.

In 2025, utilities sought $31 billion in rate hikes. U.S. 6% annually through 2030. U.S. electricity demand is driven by data centers. U.S. electricity demand was under 2%. Goldman Sachs projected global data center electricity use would rise 175% by 2030 from 2023 levels.

Goldman Sachs revised its projection up from 165%. Nearly half of all new spending by investor-owned utilities is allocated for transmission and distribution. Another 30% of new spending by investor-owned utilities is directed towards new power generation.

The PowerLines report draws from earnings calls of 51 listed utility companies.

4 trillion investment. Benzinga reported the release occurred on Tuesday.