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Navigating Rising Power Demand and Avoiding Vendor Limitations [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Power demand in the U.S. is on a sharp upward trajectory, with the U.S. Energy Information Administration (EIA) having forecast a new peak of 4.099 trillion kWh in 2024, climbing further to 4.128 trillion kWh in 2025. Utility companies have responded with three straight years of rate hikes, spurred by inflationary pressures and rising capital expenditures, particularly for grid modernization and energy infrastructure. For consumers, this has meant shouldering the weight of escalating energy costs. COMMENTARY The rate increases raise red flags about the financial challenges faced by utility companies as they adapt to changing energy demands, environmental regulations, the economic landscape and customer expectations. They also face significant headwinds in information technology (IT), including vendor-required upgrades resulting in unnecessary diverting of their attention and resources from their true business goals and important strategic initiatives. The question remains: Can com
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