U.S. investor-owned utilities plan to spend $1.4 trillion on capital projects through 2030, a 21% increase driven primarily by AI and data center expansion. This surge in spending is expected to lead to future rate increase requests, with utilities already seeking $31 billion in rate hikes in 2025 alone. The top 5 utilities account for over half of planned capital expenditures.

Hedge fund billionaire Daniel Loeb's Third Point LLC opened a new position in Constellation Energy with 475,000 shares while reducing its PG&E stake from 50.1 million to 34.3 million shares. Constellation Energy announced a partnership with Nvidia to build AI data centers and reported strong Q4 earnings, while PG&E reduced electric rates for the fifth time since January 2024.

Covalis (Gibraltar) Ltd invested $30.29 million in Core Scientific, acquiring 2,080,550 shares in Q4 2025. The investment reflects Core Scientific's strategic pivot from bitcoin mining toward AI data centers and high-density colocation services, with the company scaling toward 1.5 gigawatt of leasable capacity. Colocation revenue surged to $65 million in 2025 from $24 million in 2024, positioning the company as an AI infrastructure play.

Gallagher Fiduciary Advisors increased its holding in the Vanguard Long-Term Corporate Bond ETF (VCLT) by 525,553 shares worth approximately $40 million in Q4 2025. The fund's total VCLT position now stands at 845,731 shares valued at roughly $64 million, representing 2.1% of assets under management. The purchase reflects investor positioning for anticipated interest rate cuts in 2026.

PG&E Corporation declared its first quarter 2026 regular cash dividend of $0.05 per share on common stock, payable on April 15, 2026. The company also declared preferred stock dividends across eight series, payable on May 15, 2026.

truepic announced the addition of Kerry Whorton Cooper to its Board of Advisors. Cooper brings over two decades of executive leadership experience and currently serves as board chair at PG&E Corporation and Mozilla Corporation, and as lead independent director at Upstart. She will support truepic's efforts to help enterprises combat AI-driven fraud and visual risk in retail and manufacturing sectors.

PG&E Corporation announced its fourth quarter 2025 regular cash dividend of $0.05 per share, payable on January 15, 2026, to shareholders of record as of December 31, 2025. The utility subsidiary also declared preferred stock dividends for the period ending January 31, 2026.

PG&E reported Q2 2025 earnings with mixed results, missing analyst estimates on revenue and EPS while maintaining its adjusted profit outlook. The utility continues to focus on regulatory compliance, climate adaptation, and infrastructure investments.

The article discusses the performance of several companies in January 2025, including Electronic Arts, ON Semiconductor, Constellation Brands, PG&E, and Edison International. The companies faced various challenges, such as declining sales, legal issues, and market uncertainty.

PG&E stock has gained attention from activist investor Dan Loeb's hedge fund, Third Point, which holds a significant stake. Analysts are bullish on PG&E's growth potential, with projections of 9.2% EPS growth and 10% rate base growth. The company also received a $15 billion loan guarantee from the U.S. Department of Energy to strengthen its grid and support climate resilience initiatives.

Dan Loeb's hedge fund Third Point has seen success with its investments in PG&E and Bath & Body Works. PG&E's shares have surged 17.12% in the second half of 2024, outperforming the S&P 500's 5.65% growth, while Bath & Body Works has also seen a 4.81% increase.

Utility stocks have seen a significant rise in the past year, driven by the anticipated Federal Reserve rate cut and the surge in electricity demand from the AI industry. The article highlights three utility companies - DTE Energy, PG&E, and Vistra Corp. - as top growth picks in this sector.