U.S. Utilities Plan Record $1.4 Trillion Capex by 2030 for AI Data Centers

Analysis by PowerLines released April 14 shows that 51 U.S. utilities are planning capital expenditures of $1.4 trillion through 2030, a 27% increase from $1.1 trillion in the prior year and the largest infrastructure investment in U.S. history. Duke Energy committed $102.2 billion and Southern Company $81.2 billion. The Big Five hyperscalers are projected to invest approximately $725 billion in 2026 capex, up 64% year-over-year.