American Electric Power is in the early permitting phase for small modular reactors in Indiana and Virginia as data centers and industrial facilities drive demand for power. Dive Brief: American Electric Power expects the weather-normalized retail electric load across its 11-state service area will grow about 8.6% a year, on average, over the next three years, driven by new data centers and industrial facilities, company officials said during a quarterly earnings conference call on Thursday. AEP’s load growth estimate… Read More »

Maryland electric customers face up to 24% bill hikes from PJM capacity auction: report Reliability-must-run contracts for two Talen Energy power plants added about $5 billion to PJM’s capacity costs in its last auction, Synapse Energy Economics found. Read More From: utilitydive.com

Halfway through a US summer of punishing heat domes and record-high temperatures, air conditioners are churning and energy bills are soaring. But a closer look at how such costs play out reveals vast disparities among states and demographic groups — suggesting a complex American energy reality that goes beyond partisan talking points and shows the challenges utilities face in a warming world, industry experts said. Between 2018 and 2023, average US household electricity prices rose 21.9%, data from S&P… Read More »