October 28, 2025 Power

Electric Utility Capital Crunch: Inflection Point or Breaking Point?

For nearly two decades, U.S. electric utilities operated in a period of minimal load growth and predictable reinvestment cycles. Capital deployment increased at a manageable pace, rate base growth was steady and regulated returns were sufficient to sustain balance sheets and shareholder confidence.

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Electric Utility Capital Crunch: Inflection Point or Breaking Point?

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