No. of Recommendations: 2
Listening to O'Leary talk about his huge data center, proposed for Utah, which would draw 9Gw, in a state that currently draws about 4Gw, I envisioned massive new "mine mouth" power plants being built on the rim of Wyoming strip mines.
So, how deep are utility companies getting into feeding the demand for electricity?
Duke Energy $102.2 billion
Southern Company $81.2 billion
American Electric Power $72 billion
NextEra Energy $65+ billion (est.)
Dominion Energy $45+ billion (est.)
The $1.4 Trillion Grid Overhaul: How 51 Utilities and $300B in AI Capex Are Reshaping America’s Power Systemhttps://tech-insider.org/us-utility-1-4-trillion-a...hmmm...I have positions in three of the top five, in exposure to AI data center defaults. I remember when Consumer's Energy wrote off the Midland nuke. iirc, they managed to avoid BK, but they weren't spending much on network maintenance, judging by the number of power failures I experienced in Kalamazoo.
Steve
