AI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price

Utilities like NextEra are ramping up their infrastructure investments to meet the skyrocketing demand from data centers fueled by artificial intelligence, which is transforming them into lucrative growth stocks for Wall Street. With 10% profit margins on these investments, companies are pushing for billion-dollar buildouts, but this comes at a potential cost to customers as they may face higher bills. This surge in AI's power consumption is reshaping the energy landscape, raising concerns about the long-term financial and environmental impacts on ratepayers.