Business and Finance Business and Finance
Fri, February 14, 2025
[ Fri, Feb 14th ] - Reuters
Exclusive: BNP investors consider bank's long-term CEO succession plans, sources say
[ Fri, Feb 14th ] - Forbes
The Evolution Of Small-Business Lending: AI-Driven Underwriting Takes Center Stage In 2025
[ Fri, Feb 14th ] - AOL
Newman: Trump's biggest economic vulnerability has emerged
[ Fri, Feb 14th ] - Reuters
WestJet, Lufthansa Technik sign agreement for aircraft engine maintenance
[ Fri, Feb 14th ] - MSN
The Week in Numbers: Trump tariffs, and tech bros at war
[ Fri, Feb 14th ] - Diginomica
Be my AI Valentine - 4 things businesses will love about AI agents
[ Fri, Feb 14th ] - cnbctv18
RBI penalises Nainital Bank and Ujjivan SFB for regulatory violations
[ Fri, Feb 14th ] - Forbes
How Open Finance Is Transforming Banking And Tech
[ Fri, Feb 14th ] - AOL
Can You Write Off Your Home Insurance on Your Taxes?
[ Fri, Feb 14th ] - Reuters
Payments group Adyen's shares surge on full-year profit beat
[ Fri, Feb 14th ] - MSN
Big Tech CEOs Join $1 Billion Rush for English Cricket
[ Fri, Feb 14th ] - MSN
Starbucks' CEO is plotting a huge expansion in the Middle East and China
[ Fri, Feb 14th ] - MSN
New Boot Barn 'doing great business' since opening in Big Flats. What to know about store
[ Fri, Feb 14th ] - MSN
Starbucks' CEO is planning a huge expansion in the Middle East and China
[ Fri, Feb 14th ] - Moneycontrol
Hindalco sees neutral-to-positive impact on its US business from Trump tariff
[ Fri, Feb 14th ] - Vanguard
Gov Eno's entrepreneurial development programmes in Akwa Ibom unveiled
[ Fri, Feb 14th ] - Reuters
UK government pushes antitrust regulator to be 'less risk averse'
[ Fri, Feb 14th ] - AOL
Cybersecurity firm SailPoint returns to markets as the first major tech IPO of the year
[ Fri, Feb 14th ] - Zawya
Saudi Arabia, Rwanda to establish joint business council
[ Fri, Feb 14th ] - MSN
Meet Shapoor Mistry: The elder brother of Cyrus M .. Pallonji Group | Career, lifestyle, and net worth
[ Fri, Feb 14th ] - Reuters
VW, Audi consider keeping combustion engines longer in Europe - Handelsblatt
[ Fri, Feb 14th ] - MSN
PAN and Aadhaar: What will be the effect of the n .. on your PAN and Aadhaar, know full details here..
[ Fri, Feb 14th ] - MSN
Oldest Black-owned business in Naples celebrates half a century
[ Fri, Feb 14th ] - MediaNama
Playing Cat And Mouse With Scammers: How Babu Pooniawalla Took Down Over 8300 Fake Apps
[ Fri, Feb 14th ] - fingerlakes1
Canandaigua officials talk DRI, major housing project, and public art initiative
[ Fri, Feb 14th ] - Zawya
SAP debuts business data cloud with Databricks to turbocharge business AI
[ Fri, Feb 14th ] - Zawya
Qatar, Rwanda: Distinguished relations, bright prospects for economic and trade cooperation
[ Fri, Feb 14th ] - Zawya
PwC Middle East's 2025 flagship Tax and Legal Sem .. ypt spotlights AI, compliance, and policy changes
[ Fri, Feb 14th ] - MSN
Wall Street CEOs arrive at Washington to fix crypto debanking at the Hill
Thu, February 13, 2025
[ Thu, Feb 13th ] - Reuters
US power companies increase data center demand spending as DeepSeek fears wane

US power companies increase data center demand spending as DeepSeek fears wane


Published on 2025-02-13 22:40:48 - Reuters
  Print publication without navigation

  • U.S. electric utilities are adding tens of billions of dollars to spending plans to build new power supplies and bolster the grid as data centers for artificial intelligence and cloud computing drive up energy demand.

American Electric Power (AEP) reported a rise in its fourth-quarter profit, driven by increased demand for electricity from data centers and a cold snap that boosted heating needs. The company's operating earnings per share were $1.23, up from $1.05 a year earlier, surpassing Wall Street expectations. AEP also noted that its transmission and distribution businesses performed well, with significant growth in renewable energy projects contributing to the positive results. However, the company faced challenges from higher interest rates and increased depreciation expenses. Looking forward, AEP anticipates continued growth in electricity demand due to the expansion of data centers, particularly in regions like Northern Virginia, and plans to invest in infrastructure to support this growth.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/aep-fourth-quarter-profit-rises-data-centers-boost-demand-power-2025-02-13/ ]
Contributing Sources