In 2026, capex across 15 major utilities is forecast to jump 30% year-over-year. đź’¸ (S&P Global)Â
That average is driven by a “rethink” of grid capacity and resilience as demand grows and infrastructure keeps on aging, per new analysis by Visible Alpha. Leading the big spending: Constellation Energy, whose capex is predicted to spike by 128% this year compared with 2025 (reaching $6.7B). Entergy trails with a 49% spending hike (hitting $11.5B).Â
Over the near-term, these orgs’ aggregated spending bumps are projected to peak in 2028—at just over $1.4T.