Two From Utility Dive. First up, February 13:
Transmission drives Exelon’s capital spending plan to $41.3B
Exelon has a “line of sight” on $12 billion to $17 billion of transmission buildout over the next 10 years that isn’t included in its current capital plan, a company official said.
Exelon expects transmission investments will be a key driver for its capital spending in the coming years, company officials said during a fourth-quarter earnings conference call on Thursday.
At the same time, Exelon continues to seek a pathway for deregulated utilities to help supply new generation in the PJM Interconnection, Calvin Butler, Exelon president and CEO, said.
“We firmly believe it’s going to require an all-of-the-above strategy that includes utility-generated, demand side and merchant solutions,” he said....
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And February 12:
At $103B, Duke claims largest spending plan of any regulated US utility
The company is already deploying more than $1 billion in capital every month, CEO Harry Sideris said. Its North Carolina utility has a rate case pending.
Duke Energy has added another $16 billion dollars to its five-year capital plan, which at a current total of $103 billion is now the largest spending plan on file at any regulated U.S. utility, company officials said during a Tuesday morning earnings call.
The company is already spending more than a billion dollars per month in order to keep up with demand and it expects the rate of growth to accelerate in 2027 and 2028, when many new data centers are expected to connect to the grid, Duke Energy President and CEO Harry Sideris said.
Duke’s electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Regulators in South Carolina recently approved its rate increases in that state. Its rate case in North Carolina, where it is also seeking increases, is pending. The parent company is pursuing a merger of its Carolinas utilities.
Duke Energy has signed 1.5 GW in new data center customers since last November, bringing the company’s running total of data center service agreements to 4.5 GW. The company’s data center deals pipeline of potential customers has topped 9 GW, according to executive vice president and CFO Brian Savoy....
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The symbols in are headline are Prysmian
