CenterPoint Energy increases capital plan to meet data center power demand
May 27 (Reuters) - CenterPoint Energy (CNP.N), opens new tab on Tuesday increased its 10-year capital expenditure plan to $52.5 billion through 2030, up from $48.5 billion, to cater to anticipated demand from artificial intelligence data centers, the utility said on Tuesday.
U.S. power companies are significantly increasing their capital expenditure budgets as they manage soaring requests for additional power capacity from Big Tech firms scouting the nation for optimal locations to build new data centers.
CenterPoint intends to spend $4 billion in new projects to support its growth in Texas.
In April, the company had said that new connection requests had surged by nearly 7 gigawatts since the end of January, strengthening its confidence "in the robust economic outlook for (Texas)".
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