The utility raised its four-year capital expenditure forecast by 19 percent to $15.9 billion between 2027 and 2030 to accommodate unprecedented system demand. Existing commitments already total 3.4 gigawatts with major technology firms, with additional capacity expected to ramp up between 2029 and 2031. Serving roughly 1 million electric customers across Iowa and Wisconsin, the firm narrowed its 2026 earnings guidance toward the upper half of its range. Furthermore, Meta Platforms is scheduled to begin receiving transmission service in Wisconsin in the first quarter of 2027.
Key points
System peak demand across the utility's service territory is projected to climb more than…: System peak demand across the utility's service territory is projected to climb more than 60 percent by 2031.
Additional power capacity under the targeted contracts is projected to ramp up between 20…: Additional power capacity under the targeted contracts is projected to ramp up between 2029 and 2031.
Future earnings growth could exceed the utility's 8 percent target if capital spending in…: Future earnings growth could exceed the utility's 8 percent target if capital spending increases to support load opportunities.
Sources checked by our analysis pipeline: 1
Alliant targets 1 GW of new data-center contracts in six months as power demand surges
Oct 30 : Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push US power demand to record highs.
The new load would add to the 3.4 GW that Alliant has already contracted with Alphabet's Google, Meta Platforms and Blackstone-backed QTS Data Centers.
Earnings growth could exceed the company's 8 per cent target if capital spending rises further to support future load growth and other investment opportunities, Chief Financial Officer Robert Durian said on a post-earnings call.
"We continue to work on what I'll call capital upside for different opportunities, including the additional load growth that we may see from the data center prospects that we have," Durian said.
US electricity consumption hit an all-time high in 2025 and is expected to continue rising this year and the next as data-center capacity expands with rapid AI adoption, alongside growing electrification, according to the US…
The enterprise software giant is expanding its reach into defense tech by absorbing a specialized startup focused on artificial intelligence logistics. Valued at $375 million, the transaction represents a notable pivot toward defense operations and national security applications. This maneuver positions the cloud company to service specialized public sector supply chain requirements.
Stronger financial positioning has propelled the tech firm ahead of its industry rivals in the competitive cloud market. Market analysts attribute this leadership to multiple underlying factors that reinforce its commercial durability. Consequently, the company has secured a dominant standing among financial analysts and top institutional investors.
The American automaker has established a long-term strategic growth milestone to significantly expand its global footprint over the coming decade. Reaching this ambitious benchmark will require ramping up production and distribution across key markets to deliver sustained year-over-year gains. If realized, this expansion will substantially enlarge the company's manufacturing throughput and competitive standing worldwide.