PG&E is boosting its capital plan by $10B, with most of the increase tied to FERC-approved transmission and substation upgrades. (T&D World)
The utility expects $73B of capex through 2030, growing its rate base to $106B from $69B today. About $20B of that is FERC-regulated spending, which PG&E says provides more certainty than CPUC-driven projects.
CEO Patti Poppe said the plan doesn’t yet include projected demand from data centers, which could add 4.8 GW to forecasts.