Duke Energy's $103B Capex Plan Puts AI Power Demand at Center of Utility Investment Thesis
Duke Energy has announced a $103 billion five-year capital expenditure plan, with its CEO signaling the figure will grow further. The utility is simultaneously locking in electricity supply agreements with major hyperscalers for data center operations. Next-generation nuclear power is embedded in the plan, reflecting the baseload demands of AI compute workloads.
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