Power-Hungry AI Data Centers Electrify Utilities’ Capital Spending

This land is your land, this land is AI’s land. From California to the New York islands, or at least to New Jersey. They may be some 2,750 miles apart, but dual earnings reports on Thursday showed that two energy giants, the San Diego-based Sempra and the Newark, New Jersey-based Public Service Enterprise Group (PSEG), have far more in common than not. Crucially, both companies announced they are boosting their five-year capital expenditure plans to keep pace with Big Tech’s ongoing data center boom. SUB ...