Utilities are spending $1.4 trillion to power the AI boom, and it's hiking up electric bills across the US

An Entergy power plant in Texas. Bloomberg/Getty Images Utilities plan to spend $1.4 trillion on capital expenditures by 2030, a PowerLines study found. The electricity demands of AI are fueling spending growth, utilities say. Duke Energy, Southern Company, and American Electric Power have become some of the biggest spenders. Big Tech isn't the only big spender in the AI race. Spending on new power plants and transmission lines has reached record highs as utilities in the US try to meet the...