Data Centers to Face New Power Billing in Duke Energy's Region [BNN Bloomberg (Canada)]
Southern Company (The) (SO)
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Source: BNN Bloomberg
The US utility began putting the rate structures into place for new customers late in the first quarter after Duke's “hyperscale team” studied how to make sure those users are shouldering their fair share of grid improvements and other costs, Chief Financial Officer Brian Savoy said in a Tuesday interview. “The companies are looking for areas where there is capacity, but it's not unlimited,” Savoy said after Duke released its first-quarter earnings. “They understand the scarcity of power supply and how important it is to lock it up.” Parts of the new structure would make customers pay for a set amount of power over a certain period of time even if they use less. Another component is contributions in aid of construction, in which the customer pays for grid upgrades required by their development, Savoy said. Electric utilities are confronting the largest increase in demand in a generation. Along with data centers to run artificial intelligence, the US grid is being stressed by ne
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