IOUs plan to spend over $1.4T on capex through 2030. (PowerLines)
By the numbers: This figure (from 51 IOU earnings calls) marks a >20% increase from last year’s five-year outlook. Residential customers could foot the bill for over $700B of the planned spending (if historic cost-allocation patterns hold), a new PowerLines report estimated.
Where all the money’s going: Of the roughly $1T in disclosed spending breakdowns, around 49% is slated for T&D and nearly 30% for generation. The most common drivers? Data centers and load growth, grid hardening for extreme weather, and aging infrastructure.
The big spenders: The South accounts for the largest share ($572B). And the 10 highest-spending utilities represent $707B, or just over half of all proposed five-year capex.