Utilities
4 stories related to this topic, newest first.
Chris Light / Wikimedia (CC BY-SA 4.0)Pinnacle West Reports EPS Rebound in Q1 2026 Earnings Call
Pinnacle West held its Q1 2026 earnings call on May 4, 2026, highlighting an EPS rebound. The company reaffirmed its sales growth guidance and shared updates on its integrated resource plan and rate case. Load growth was attributed to demand from TSMC.
Ottre / Wikimedia (Public domain)Consortium Including Macquarie Group Nears $6 Billion Sale of Cleco Power
A consortium that includes Macquarie Group is close to selling Louisiana utility Cleco Power to Stonepeak Partners and Bernhard Capital Partners. The transaction is valued at nearly $6 billion, according to sources reported by @business. The deal involves the transfer of ownershi…
Nader Moussa / Wikimedia (CC BY-SA 3.0)Duke Energy Announces $103 Billion Capital Plan for Power Expansion Over Next Five Years
Duke Energy announced plans to invest $103 billion over the next five years to expand power generation and infrastructure, driven by population growth and data center demand. CEO Harry Sideris expects the figure to increase amid the AI surge. The utility faces criticism from Nort…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)U.S. Investor-Owned Utilities Plan $1.4 Trillion Capital Spending Through 2030
U.S. investor-owned utilities plan to invest at least $1.4 trillion in capital projects through 2030, a more than 21% increase from last year's five-year projections. The spending is driven by AI power demand and data center construction. PowerLines released a report on the analy…