Utilities re-rate as data-center power PPAs show up in IR transcripts
The dullest sector in the index is being asked to finance someone else's GPU.
Elena VasquezSenior Markets Correspondent
Open trading floor with rows of workstations at night
Three regulated utilities guided to higher capex after naming hyperscaler PPAs on their calls, and the group traded like a growth proxy for a session — a habit that will be tested at the next rate case.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.