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Stock impact report

Utilities Push for $31B in Higher Charges—What It Means for Your Electric Bill [Yahoo! Finance]

NextEra Energy, Inc. (NEE) 
Last nextera energy, inc. earnings: 4/22 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.nexteraenergy.com
Company Research Source: Yahoo! Finance
in 2025, as revealed by a recent study conducted by PowerLines, a non-profit organization advocating for utility customers. The study revealed that the request for rate hikes is over twice the $15 billion sought in 2024. This surge is primarily due to the extraordinary demand from the data centers of major tech firms, which are expanding their power-intensive AI data centers across the country. While some requests are still pending approval, many have been approved and will start impacting customer bills this year. Southern states were hit the hardest, with utilities seeking approval for over $14 billion in rate hikes. Florida Power and Light's $9 billion rate hike request, largely approved, accounted for a significant portion of this. AI and Data Centers Drive $1.1 Trillion U.S. Power Grid Investment Push Investor-owned utilities in the US are projected to spend $1.1 trillion on a massive expansion of the power grid between 2025 and 2029, according to the Edison Electric Inst Show less Read more
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