PG&E unveils $73 billion spending plan to meet surging data-center energy demand

Core Viewpoint - U.S.-based utility PG&E Corp plans to invest $73 billion by 2030 for transmission upgrades to accommodate the increasing electricity demand driven by data centers [1] Company Summary - PG&E Corp is focusing on significant infrastructure investments to enhance its transmission capabilities [1] - The planned expenditure of $73 billion indicates a strategic response to the surge in electricity demand from the data center sector [1] Industry Summary - The utility industry is experiencing heightened demand for electricity, particularly from data centers, necessitating substantial investments in infrastructure [1] - The trend of increasing electricity consumption from data centers is likely to influence future utility investment strategies across the sector [1]