Yahoo Finance·2026-02-27 05:01Core Insights - Two energy giants, Sempra and PSEG, are increasing their five-year capital expenditure plans to align with the growing demand from Big Tech's data center expansion [1][7]. Company Developments - Sempra is raising its capital expenditure plans by 16%, increasing from $56 billion to $65 billion, focusing on regulated utilities in Texas and California [7]. - PSEG plans to spend between $24 billion and $28 billion through 2030, up from a previous target of $22.5 billion to $26 billion [7]. Industry Trends - The utility sector is viewed as a stable growth opportunity amid the AI revolution, with regulated utilities and distributors gaining attention from investors [2]. - As demand for power surges, utility companies are becoming essential infrastructure providers for the AI industry, with their returns linked to regulator-approved expansions [3]. - The overall U.S. electric companies are projected to spend over $1.1 trillion on grid upgrades and expansions through 2029, with $208 billion spent in 2025 alone [5].