Utilities are questioning how much AI’s soaring power demand is real, or hype. (CNBC)
The stakes are huge: Utilities plan $1.1T in capital investments through 2029, while AI-driven demand could add 60 GW of new load by 2030—roughly Italy’s peak power use.
Yes, but: Not everyone’s buying the hype. Constellation CEO Joe Dominguez said “the load is being overstated,” and FERC Chair David Rosner cautioned that a small forecast error “can impact billions.”