economy
Utility companies planning to invest $1.4 trillion in power grids for AI, report finds
U.S. utility companies are planning to invest $1.4 trillion over the next five years to help strengthen the nation's power grid, according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines. CBS News MoneyWatch reporter Megan Cerullo has more details.
TL;DR
- U.S. utility companies plan to invest $1.4 trillion.
- The investment will occur over the next five years.
- The funds are intended to strengthen the nation's power grid.
- This information is according to a report by PowerLines.