Today: 9 June 2026
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NASDAQ:EXC 29 October 2025 - 5 June 2026

Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

Pennsylvania House Republicans propose forcing large data centers to secure their own power and pay grid costs after electricity prices jumped statewide June 1, with PECO’s default supply price up to 11.759 cents/kWh and capacity prices for PJM soaring from $28.92 to $329.17 per megawatt-day for 2026/27, driven partly by data center demand.
5 June 2026
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PECO’s New Boss Faces Safety Fight as Union Seeks State Probe of Aging Poles

PECO’s New Boss Faces Safety Fight as Union Seeks State Probe of Aging Poles

IBEW Local 614 filed a petition Thursday asking Pennsylvania regulators to investigate PECO’s repair practices, citing damaged poles and equipment. The move comes days after Exelon replaced PECO CEO David Vahos with interim chief Mike Innocenzo. PECO denies the union’s claims, linking the filing to stalled contract talks. The union says its survey found hazardous conditions in multiple Philadelphia neighborhoods.
1 May 2026
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PECO Seeks Another 12.5% Rate Hike. Why Philly Utility Bills Could Rise Again in 2027. (WHYY)

PECO Seeks Another 12.5% Rate Hike. Why Philly Utility Bills Could Rise Again in 2027. (WHYY)

PECO filed for delivery-rate increases that would raise a typical residential electricity bill by 12.5% and suburban gas bills by 11.4% starting in 2027. The utility seeks $429 million for electric upgrades and $81 million for gas infrastructure, serving 1.7 million electric and over 553,000 gas customers. More than 1,000 union workers remain without a contract as labor talks continue.
2 April 2026
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Utilities stocks today: NextEra’s $4 billion share-sale plan keeps XLU under pressure into 2026

Utilities stocks today: NextEra’s $4 billion share-sale plan keeps XLU under pressure into 2026

U.S. utilities fell in the year’s final session, with the XLU ETF down 0.6% after NextEra announced a $4 billion at-the-market equity program. Duke Energy filed for an early site permit for possible new nuclear construction in North Carolina. NextEra shares slipped 0.3%, Duke fell 0.4%, and Southern Co dropped 0.4%. Broader U.S. stocks also closed lower in thin trading.
1 January 2026
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Utilities Stocks Outlook for 2026: AI Data Center Demand, Rate Cuts, and the New Power-Grid Investment Cycle

Utilities Stocks Outlook for 2026: AI Data Center Demand, Rate Cuts, and the New Power-Grid Investment Cycle

U.S. electricity demand is projected to hit record highs in 2025 and 2026, driven by AI and data centers, according to the EIA. PJM capacity auction prices reached $333.44 per megawatt-day, with supply falling short by 6,600 MW. Georgia regulators approved a $16.3 billion plan for Georgia Power to boost capacity by 50% to meet data center needs.
20 December 2025
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Pennsylvania Electric Bills Jump After December 1 Rate Hikes: How Much PECO, PPL and Other Utilities Now Charge

Pennsylvania Electric Bills Jump After December 1 Rate Hikes: How Much PECO, PPL and Other Utilities Now Charge

Electric rates rose across Pennsylvania on December 1, with PECO, PPL, Duquesne Light, and West Penn Power all increasing default supply charges. Duquesne Light customers in the Pittsburgh area face a 10.6% hike, while PECO customers in Philadelphia see a 6% rise. State regulators cite higher wholesale and capacity costs, increased demand from data centers and electric heating, and plant retirements.
2 December 2025
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PECO Pumps $10K Grants into Parks & $12K to Heroes – Energy Stocks Rally?

PECO Pumps $10K Grants into Parks & $12K to Heroes – Energy Stocks Rally?

PECO opened applications Oct. 29 for its 2025–26 Green Region Open Space grants, offering up to $10,000 to nonprofits for local green projects; applications close Nov. 7. On Oct. 28, PECO awarded $12,000 in grants to five first responder groups. Parent Exelon last traded near $48, close to a 52-week high. Utilities like Dominion and DTE are also rising as data centers and renewables drive demand.
29 October 2025
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Stock Market Today

  • London Stock Exchange Chief Criticizes FCA Over Market Pricing Transparency Plans
    June 8, 2026, 6:14 PM EDT. Julia Hoggett, CEO of the London Stock Exchange, accused the Financial Conduct Authority (FCA) of "playing fast and loose" amid tensions over new market pricing transparency rules. Hoggett warned the UK government may need to intervene if the FCA's approach risks harming market stability. The dispute highlights friction between the City's key regulatory and trading institutions over proposed reforms aimed at increasing openness in trade pricing. The FCA's push for more transparency could reshape how prices are reported, impacting trading dynamics and market participants. The LSE's chief emphasised the need for balanced regulations that do not disrupt market function or competitiveness.

Latest articles

UBS Puts $850 Target on Cummins as AI Data Center Wave Fuels Shares

UBS Puts $850 Target on Cummins as AI Data Center Wave Fuels Shares

9 June 2026
UBS upgraded Cummins to Buy and hiked its price target to $850 from $565, citing surging data-center backup power demand and a stronger North American truck cycle; Cummins shares jumped 3.3% to $672.68 as UBS projected 2028 EPS of $41.25, topping consensus, and flagged double-digit Power business growth and raised long-term targets as key drivers.
UiPath Stock Slips Near $11 as Wall Street Questions the AI Automation Bounce

UiPath Stock Slips Near $11 as Wall Street Questions the AI Automation Bounce

8 June 2026
UiPath shares dipped 0.7% to $11.17 despite a strong quarter and raised outlook, as investors focused on slow annual recurring revenue growth and analyst caution, with Morgan Stanley cutting its price target and BofA maintaining Underperform, citing the need for clearer evidence that AI-driven automation can accelerate durable contract revenue.
IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move

8 June 2026
IREN surged 9% to $59.19 as investors returned to crypto and AI infrastructure stocks after last week’s selloff, driven by a $3.65 billion investment-grade GPU financing to support its Microsoft AI cloud contract and news of a planned 800MW data-center in Australia, but future gains hinge on execution, contract delivery, and bitcoin price stability.
SmartKem Shares Jump 100% on SRx Investment, SMTK in Focus

SmartKem Shares Jump 100% on SRx Investment, SMTK in Focus

8 June 2026
SmartKem shares soared as much as 150% to $1.135 before settling at $0.84 after SRx Health Solutions disclosed a 4.99% stake and purchase of convertible preferred securities, injecting new investor interest as SmartKem faces a Sept. 1 Nasdaq delisting risk for trading below $1 and warns of “substantial doubt” about its ability to continue as a going concern.
Texxon Trading Halted Six Times as NPT Jumps 284% in New York

Texxon Trading Halted Six Times as NPT Jumps 284% in New York

8 June 2026
Texxon shares soared 283.7% to $4.95, briefly topping $12 before closing just below their $5 IPO price, with trading paused six times for volatility and volume over six times shares outstanding; the company warned that similar IPOs had seen sharp, non-fundamental price swings, highlighting ongoing risk for investors.
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