Exelon CEO: The ‘warning lights are on' for U.S. elecgrid resilience and utility prices amid AI demand surge [Fortune]
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Source: Fortune
and utility prices from soaring out of control , said Calvin Butler, president and CEO of the major utility Exelon While now is not yet the time to panic, it is time for immediate action to meet surging demand from the AI boom and electrification, and to keep everyday Americans from drowning in costs from spiking utility bills, said Butler, who also chairs the Edison Electric Institute, which represents investor-owned electric utilities nationwide. “The warning lights are on. You're driving your car and the check-engine light is on. You're like, ‘I'm going to keep pushing this.' And no one is going to pay attention until it breaks down,” Butler said Tuesay at Fortune's Brainstorm AI conference in San Francisco. The fear is that the grid will break down in different regions on their hottest and coldest days. “And people are going to suffer. You have to fix it now,” said Butler, whose Exelon ( No. 192 on the Fortune 500 ) services communities from Chicago to Washington, D.C. Aft
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- 10/29/25 - Beat
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