Xcel Energy has increased its five-year capex plan by 17% to $70B. On the grid buildout agenda: adding 9.2 GW of renewables, 2.3 GW of storage, and 3.3 GW of natural gas. As more companies prioritize massive gas plants, Xcel’s clean energy push stands out.
Edison International said that its subsidiary Southern California Edison has lost nearly $2B in settlements related to the Eaton Fire, a destructive 2025 blaze. Edison International CEO Pedro J. Pizarro repeated his call for California lawmakers to reduce utilities’ wildfire liability, which he said would “help protect customer affordability and support investment in a safer, more reliable grid.”
Dominion reported that its contracted data center capacity in VA grew 13% between Dec. 2025 and Sept. 2026, reaching 55 GW. The company also noted that its Coastal Virginia Offshore Wind project has reached 85% completion, which “reduces project risk.”
Exelon touted its utilities’ top reliability rankings, and noted that ComEd and Baltimore Gas and Electric saw hefty year-over-year earnings boosts (around 10% and 45%) amid recent rate increases.
Sun, Nov 1
Molly Glick
Energy Central Team
NEWS: 🍂 Q3 earnings updates are dropping like autumn leaves. We’ve got the latest:
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