Regulated Utilities
Regulated electric and gas utilities own the poles, wires, and power plants that deliver energy to nearly every US home and business, earning a state-approved return on every dollar of infrastructure they build. After two decades of flat demand, data centers, reshored manufacturing, and electrification have pushed the industry into a rate-base supercycle: record capital budgets, sharply higher load forecasts, and a new political fight over who pays for the buildout.
Frequently asked questions
What is the Regulated Utilities sector?
Regulated electric and gas utilities own the poles, wires, and power plants that deliver energy to nearly every US home and business, earning a state-approved return on every dollar of infrastructure they build. After two decades of flat demand, data centers, reshored manufacturing, and electrification have pushed the industry into a rate-base supercycle: record capital budgets, sharply higher load forecasts, and a new political fight over who pays for the buildout.
