Pennsylvania House Republicans want large data centers to cover their own power and grid expenses, moving a bill after new electricity-price hikes hit this week.
Just days after Mike Innocenzo returned to lead Exelon’s Philadelphia utility, PECO, a union for the company’s workers is urging state utility regulators to open a probe into the electric distribution system. The request steps up pressure on PECO as questions swirl around its management shake-up.
PECO on Monday asked Pennsylvania regulators to approve new delivery-rate hikes that would bump up the average residential power bill by 12.5%—roughly $20.08 more each month starting in 2027. The Exelon-owned utility also wants an 11.4% boost for suburban natural-gas customers, which translates to an extra $14.52 a month.
U.S. utilities stocks headed into the New Year on the back foot after NextEra Energy disclosed a $4 billion at-the-market share-sale program, a move that can add supply to the market over time. The Utilities Select Sector SPDR Fund, an exchange-traded fund that tracks a basket of utility stocks, last closed down 0.6% at $42.69.
Utilities stocks are having a moment that would’ve been hard to imagine just a few years ago. The sector long known for predictable dividends and regulated earnings is now being pulled into the center of the AI buildout—because none of it runs without electricity.
Pennsylvania households are waking up this week to higher electric bills after nearly every state‑regulated utility raised its default supply rate on December 1, just as winter heating season begins. State regulators say the increases are being driven by soaring wholesale power and “capacity” costs on the regional PJM grid, a surge in electricity demand from data centers and electric heating, and the retirement of older power plants. Pennsylvania Public Utility Commission+1
PECO’s twin announcements underscore a trend where utilities blend community support with clean-energy goals. Green Region grants will fund everything from new trails to tree planting. Kwashie emphasizes the broader payoff: green spaces “support local sustainability goals… and reinforce our dedication to building a cleaner, brighter future” philadelphia.today. Nonprofit applicants can match PECO funds with grant or donated dollars to expand parks, forests and climate-resilient landscapes across suburban Philadelphia.