Week ending October 30, 2026

GE Vernova delivered “strong financial results” in the third quarter, despite a slowdown in gas turbine orders and slot reservation agreements, CEO Scott Strazik told investors during a Wednesday earnings call.

Total gas turbine gigawatts under contract rose to 122 GW from 116 GW last quarter – an increase of just 6 GW, compared with double-digit GW quarterly increases earlier in 2026.

American Electric Power increased its five-year capital expenditure plan to $100 billion, up 30% from its previous $78 billion plan, driven by expected generation and transmission spending, company officials said during an earnings call on Wednesday.

AEP, based in Columbus, Ohio, plans to spend $20 billion on gas-fired generation and $37 billion on transmission through 2031, up from $13 billion and $33 billion under its last investment plan, respectively, according to company presentations.

FirstEnergy’s long-term pipeline of data center load — contracted and other potential load — grew 4.8% to 26 GW in the third quarter from the second quarter, according to an earnings presentation on Wednesday.

FirstEnergy is seeing broad interest across its system, including in Maryland, Ohio, Pennsylvania and West Virginia, Brian Tierney, FirstEnergy chairman, president and CEO, said during an earnings conference call.

Data center demand for electrical equipment soared over the past quarter while utility sales have slowed somewhat, company leaders said Tuesday during Hubbell’s third-quarter earnings call.

Hubbell’s Electrical Solutions segment saw organic sales rise 22% year over- year, Chief Financial Officer Joe Capozzoli said.

The two laws push California regulators and utilities to get more out of the state’s existing grid, in part by expanding DERs’ role.

SB 913 gives the CPUC a June 2028 deadline to lay the groundwork for DER aggregations to qualify as resource adequacy capacity in utility resource plans and state procurements.

The proposal is expected to save $45 billion in costs to consumers and businesses, including families and small businesses operating marginal wells, and to unleash an estimated 210 million additional barrels of oil and 1.41 trillion cubic feet of natural gas.

“Behind every barrel of oil and every cubic foot of natural gas produced in the U.S. are millions of workers, businesses, and the heartbeat of this nation’s economy. The Biden EPA destructively targeted all this. President Trump promised to end the war on oil and natural gas, and I vowed to do my part, while protecting our environment,” said EPA Administrator Lee Zeldin.

The potential funding would help accelerate projects that produce more reliable, around-the-clock power from existing nuclear plants to help meet growing energy demand.

The DOE commitment builds on billions of dollars in private-sector investment already supporting Constellation’s efforts to increase nuclear output.

A federal-provincial partnership worth $100 million announced today, October 15, will support the research, data collection and analysis required to advance offshore wind development and help position Nova Scotia as a global clean energy leader.

“Nova Scotia is no longer at the end of the energy transmission line – we are the starting point. Today’s announcement is another important step toward making Nova Scotia a global leader in offshore wind. By working together with the federal government, we are unlocking a generational economic opportunity that will attract investment, create good-paying jobs and strengthen our economy,” said Premier Tim Houston, who is also Minister of Energy.

U.S. natural gas production is on track to close a second consecutive year with record-high natural gas output as producers respond to demand signs both at home and overseas.

Soaring demand for powering data centers in the United States and rising liquefied natural gas exports amid expanding liquefaction capacity, as well as surging global demand for spot LNG cargoes in the absence of Qatar’s gas due to the Iran war, are pushing American natural gas production higher this year.