The US energy group PPL has announced a nearly 40% increase in its investment plan, targeting capital expenditure (CAPEX) of US$20bn over the 2025-2028 period, including US$4.3bn in 2025. The group expects a strong increase in electricity demand from data centers, homes and businesses in 2025 and 2026, and will invest US$2.5bn from equity over the 2025-2028 period.
As well, Duke Energy has raised its five-year CAPEX plan by nearly 14% to US$83bn over the 2025-2029 period (up from US$73bn over 2024-2028, to take advantage from the expected rise in electricity consumption. The group aims to fund 40% of the increase in its investment plan with equity and will issue US$6.5bn in equity between 2025 and 2029 (including US$1bn in 2025).
Meanwhile, the US power utility Exelon has raised its four-year capital expenditure plan by 10% to US$38bn, to build new lines and support customer needs and grid reliability. The group will also finance approximatively 40% of the US$3.5bn in incremental CAPEX with equity (US$1.4bn).