earnings
California continues to go all in on data center development, with Pacific Gas and Electric playing its role in the last quarter of 2025 by pushing gigawatts of projects through the investor-owned utility’s design and approval process.
Xcel Energy says that a partnership with NextEra Energy will allow its operating companies to contract up to 6 GW of data center capacity by the end of 2027.
Work on the $7.5 billion, 810-MW project off the New York coast has been halted twice by the administration and resumed twice by the Norwegian developer.
NextEra Energy Resources brought 7.2 GW of new generation and storage into operation and added 13.5 GW to its backlog in 2025.
The Bonneville Power Administration has resumed hiring after workforce reductions and a federal hiring freeze earlier in 2025.
Duke Energy expects its new five-year capital plan for 2026 to 2030 to be between $95 billion and $105 billion, up from the $87 billion that was planned for 2025 to 2029.
Ørsted reported a net loss for the third quarter, attributed to the continuing financial challenges for its U.S. offshore wind portfolio, but it also said those projects are progressing well toward completion.
Dominion Energy reported $1 billion in net income in the third quarter, which saw it remain on track with its offshore wind project while its pipeline of data center customers grew yet again.
Xcel Energy and AEP both said during their quarterly earnings calls that they have increased their capital investment spend to meet increasing demand from large loads.
Southern Co.'s CEO and CFO said the company is on track to hit its earnings targets for 2025 amid strong growth from data centers and other large loads.
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