Article

Exelon CEO Calvin Butler has warned of significant challenges facing the U.S. power grid due to rising electricity demand from AI and manufacturing onshoring, highlighting a load growth not seen in decades. He expressed concerns over the expiration of a rate cap that has saved PJM customers $3 billion, which could lead to increased prices and potential grid failures. Meanwhile, AI companies have amassed over $100 billion in debt for new data centers, raising issues about energy use during peak times.