Quick Read – DUK’s $103 billion capex plan and PEG’s nuclear fleet are quietly positioned to capture surging AI power demand across the PJM grid. – NEE signed a 25-year Google nuclear PPA and won a U.S. government contract to build 9.5 GW of new gas generation, targeting 8%+ EPS…
owth through 2035. – 11 Dominion directors bought D stock in a coordinated cluster at $62.95 in May 2026, even as shares had already risen 16% year to date. – The Department of Energy now projects data centers will account for up to 12% of U.S. electrical demand by 2028, and somebody has to actually build the power plants, transformers, and transmission lines to feed that monster. The hyperscalers get the headlines
The utilities get the contracts, the rate base, and the 27-year dividend streaks. I’ve been reading every PJM capacity auction filing and utility 10-K for the better part of a year now, and the disconnect between what these companies are quietly signing and where their stocks are trading is the cleanest setup in the income market right now. Five names are positioned directly under the firehose. 1.
Public Service Enterprise Group (PEG): The Nuclear Hedge Nobody’s Pricing In Public Service Enterprise Group (NYSE:PEG) deserves to be the first name that comes up when people talk AI power. PSEG runs the largest regulated utility in New Jersey and operates a nuclear fleet sitting inside the PJM grid, which is where the data center boom is literally melting the capacity market. PJM capacity prices cleared at $329/MW-Day for the June 2026 to May 2027 delivery year and $333/MW-Day for June 2027 to May 2028, after rising from $61/MW-Day in prior periods.