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-0.00277008310249318 -0.00661742074484467 0.00869498307171434 0.0203139427516158 -0.00230840258541098 0.00307787011388124 -0.00723299476762079 -0.00200061557402271
Stock impact report

US utilities grapple with Big Tech's massive power demands for data centers [USA TODAY]

Evergy, Inc. (EVRG) 
Last evergy, inc. earnings: 11/6 04:30 pm Check Earnings Report
Company Research Source: USA TODAY
A Reuters survey of 13 major U.S. electric utility earnings transcripts found nearly half have received inquiries from data center companies for volumes of power that would exceed their peak demand or existing generation capacity - that's everything they supply to homes and businesses – a metric that reflects the sheer size of oncoming data center needs. Now, the power industry is struggling with a question that will determine the course of billions of dollars in investment: how to meet the demand? Utilities have announced billions of additional dollars in capital spending already this year, with some doubling their five-year investment plans. If utilities underestimate the demand, they risk an unstable electrical grid with a higher chance of blackouts for their customers. If they overbuild, consumer rate-payers could end up with the tab. Complicating matters, tech companies are approaching multiple power utility providers within the same state, or across several states seeki Show less Read more
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