Utility NiSource ramps up spending to tap rising data center demand

U.S. electric and gas utility NiSource on Wednesday raised its long-term growth targets, banking on gains from increased capital spending over this decade, including a multibillion-dollar investment push toward data centers. The Indiana-based utility unveiled a $28 billion consolidated capital expenditure plan through 2030. Of this, about $7 billion would be dedicated to data center infrastructure, reflecting the growing power demand from digital and AI expansion. The revised plan marks a 45 percent increase, or about $8.6 billion more than its prior five-year spending outlook. Power demand in the United States is expected to hit record highs in 2025 and 2026, the U.S. Energy Information Administration says, citing growth from AI and cryptocurrency data centers and broader electrification. NiSource serves about 3.3 million natural gas customers across six states and roughly 500,000 electric customers in Indiana.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times