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Pressure on US utility rate hikes and rising energy costs

Fortune ·

  1. 1Utility companies' rate hike requests reached $23.1 billion through the third quarter of 2026.
  2. 2Capital expenditure plans for investor-owned utilities are projected to increase by over 27% and reach at least $1.4 trillion by 2030.
  3. 3Jersey Central Power & Light has requested a $700 million increase from regulators.

So what's the key point?

There were $23.1 billion in requests to raise electricity or gas rates. Companies are increasing the money they spend on facilities, which is an important situation for investors.

Source Fortune · View original ↗

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