Duke Energy's $103B Capex Plan Shows AI Power Demand Is Rewriting Utility Budgets
Duke Energy has committed to a $103B five-year capital expenditure program anchored by electricity supply agreements with major hyperscalers, with its CEO signaling the figure will increase. The plan includes next-generation nuclear power, reflecting hyperscaler demand for continuous baseload-grade electricity. AI infrastructure buildout has now grown large enough to structurally reshape utility capital allocation across the sector.
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