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Your electric bill climbed 33% since 2019. Data centers helped push it there.

Jun 24, 2026

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4 min read

Your electric bill climbed 33% since 2019. Data centers helped push it there.

Utilities call the grid upgrades 'system benefits' — then split the tab among every home, school, and shop.

The Capital Current

FERC voted 5-0. Grid operators have 60 days.

Jun 22, 2026

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4 min read

FERC voted 5-0. Grid operators have 60 days.

All six regional grids got the same order — prove your rules still work, or file new ones.

The Capital Current

Utilities just became the biggest spenders in the entire U.S. economy.

Jun 21, 2026

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4 min read

Utilities just became the biggest spenders in the entire U.S. economy.

Capex was $173 billion last year. It jumps to $259 billion in 2026 alone.

The Capital Current

67 million Americans are subsidizing AI training

Jun 19, 2026

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3 min read

67 million Americans are subsidizing AI training

The grid's own watchdog says the price impacts are 'not reversible.'

The Capital Current

Your power bill is up 8.6%. The Fed just made it worse.

Jun 18, 2026

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5 min read

Your power bill is up 8.6%. The Fed just made it worse.

Maine is up 22.6%. Idaho 15.3%. And the big AI loads haven't even arrived yet.

The Capital Current

Data centers will use more electricity than France this year

Jun 17, 2026

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3 min read

Data centers will use more electricity than France this year

Gartner's June 10 report says power availability — not compute — is now what limits how fast AI can scale.

The Capital Current

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Belgium paid €1,038 for power. For 15 minutes.

Jun 28, 2026

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4 min read

Belgium paid €1,038 for power. For 15 minutes.

France lost 4 GW of nuclear the same week — right when people needed it most.

The Capital Current

A county commissioner voted yes on a data center. He lost his primary.

Jun 26, 2026

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3 min read

A county commissioner voted yes on a data center. He lost his primary.

57% of Americans oppose a data center in their town. That's your new supply constraint.

The Capital Current

Nvidia says the water problem is solved. I'm not buying it.

Jun 25, 2026

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3 min read

Nvidia says the water problem is solved. I'm not buying it.

About 80% of a data center's water footprint comes from the power plant feeding it — not from the building itself.

The Capital Current