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Power-Hungry Data Centers Spur U.S. Talks With Big Tech, Energy Chief Granholm Says

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WASHINGTON, June 4 (Reuters) – President Joe Biden’s administration is asking big technology companies to invest in new climate-friendly power generation to cover their surging demand, U.S. Energy Secretary Jennifer Granholm told Reuters. The talks come as a surprising surge in electricity demand has been driven by the adoption of technologies like generative artificial intelligence that require …

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Data Centers Could Use 9% of U.S. Electricity by 2030, Research Institute Says

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Data centers could use up to 9% of total electricity generated in the United States by the end of the decade, more than doubling their current consumption, as technology companies pour funds into expanding their computing hubs, the Electric Power Research Institute said on Wednesday. Depending on the adoption pace of technology such as generative …

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Texas Set to Smash Clean and Dirty Power Output Records in 2024

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(Reuters) – The operator of the Texas power system, one of the largest in the United States, is on track to smash generation records from both clean and fossil fuel sources in 2024 as total power needs continue to grow. The Electric Reliability Council of Texas (ERCOT) clean power generation total through May 27 was …

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Texas Daily Power Demand Sets Record for May Consumption

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Texas’ daily power consumption set a record for the month of May for the fifth time this month, the state grid operator said on Monday, as homes and businesses fired up air conditioners during a heat wave. The Electric Reliability Council of Texas (ERCOT), which operates most of the state’s power grid for 27 million …

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Texas Braces for More Summer Electricity Alerts

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(Reuters) – The Electric Reliability Council of Texas (ERCOT) has warned reserve margins will be squeezed next week as temperatures rise and it may need to instruct generators to postpone non-urgent maintenance. ERCOT is the independent system operator for most of Texas, managing the flow of power to more than 27 million customers representing about …

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U.S. Southwest and Texas at Risk of Power Shortfalls This Summer, Regulator says

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(Reuters) – The U.S. Southwest and Texas are at an increased risk of power supply shortfalls during times of peak demand this summer due to rising electricity consumption and supply constraints, the North American Electric Reliability Corporation said on Wednesday. Parts of the Midwest and New England are also under elevated threat of inadequate power …

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Duke Energy Beats First-Quarter Profit Estimates on Higher Rates

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(Reuters) – Duke Energy  beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity. Income from Duke’s electric utilities segment jumped 29% to $1.02 billion. “We have a clear path forward that will deliver sustainable value and 5% to 7% earnings growth over the next …

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U.S. Utility Allete Goes Private in $6.2 Bln Deal

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(Reuters) – Allete  said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt. The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly 19.1% to the company’s closing share price …

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U.S. Reforms Environmental Law to Speed up Clean Energy, Infrastructure Approval

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(Reuters) – The White House on Tuesday reformed the U.S. environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing. The reforms are the second and final phase of the administration of President Joe Biden’s adjustments to the …

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Texas Power Prices Signal Grid Stress in Another Long, Hot Summer

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August prices for Dallas hit an 82% premium from a year ago Grid operator Ercot issues power warning for next week A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start looking at prices months in advance to …

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