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Utilities say data-center deals will fund grid upgrades and yield multibillion benefits to customers
Summary
Entergy and Southern Company executives described pledges to cover incremental costs tied to data centers, citing estimates of roughly $7 billion and multi-decade customer benefits and saying revenue from projects will be reinvested to freeze or lower rates.
Representatives from Entergy and Southern Company described corporate pledges aligned with the White House plan and presented financial estimates for customer benefits and grid investment.
Entergy CEO Drew Marsh said the company's "Fair Share Plus" pledge "will deliver approximately $7,000,000,000 of benefits to customers over the next two decades" and cited specific allocations for energy-efficiency and vulnerable-customer programs. Southern Company CEO Chris Womack said data-center revenue allowed his company to "freeze rates through the latter part of this decade" and pointed to multibillion-dollar loan-supported investments that, he said, reduce long-term costs for customers.
