Duke Energy raises five-year capex plan on increased data center, industrial demand
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Duke Energy has increased its five-year capital expenditure plan by 13.7% to $83 billion, aiming to enhance its grid infrastructure to meet rising demand from data centers and electrification.
February 13, 2025 | 12:45 pm
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Duke Energy has raised its five-year capital expenditure plan to $83 billion, a 13.7% increase, to enhance its grid infrastructure in response to growing demand from data centers and electrification.
The increase in capital expenditure indicates Duke Energy's strategic focus on expanding its infrastructure to capture new growth opportunities in data centers and electrification. This is likely to be viewed positively by investors as it suggests potential revenue growth and market expansion.
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