PG&E plans $73B grid upgrade to meet AI data center power demand by 2030, targeting 10GW of new load

No paywall: https://finance.yahoo.com/news/pg-e-unveils-73b-plan-205444585.html

On September 29, PG&E Corporation announced a plan to spend $73 billion by 2030 on transmission upgrades. This major investment is intended to address the surge in electricity demand, primarily driven by data centers and the increased adoption of artificial intelligence.

The California-based company is working to serve 10GW of new electricity demand from data center projects over the next ten years. The surge in power consumption is expected to contribute to record high power consumption in 2025 and 2026, according to the US Energy Information Administration/EIA.