US utility profits come under fire over data centre demand
Financial Times · Sept 21, 2026
The Financial Times examines scrutiny of US utility profits ahead of November's midterm elections, citing data from Halcyon's Rate Case Tracker. Regulators cut $3.6bn from utility requests in 2025, and trimmed a median of 78–85 basis points off requested returns in 2025 and 2026, compared with 40–60 between 2020 and 2022.