Con Edison is one of the largest investor-owned energy companies in the United States (serves NYC and I am a customer)

Proposed Rate Hikes: Con Edison has proposed significant rate increases: 11.4% for electricity and 13.3% for gas, according to multiple sources including Bloomberg AI.
Reasons for the Increases: Con Edison cites the need for increased investment in the power grid to fortify it against climate change, support New York's clean energy goals (like electrifying buildings), and upgrade infrastructure to ensure reliability.

The Role of AI: The booming demand for Artificial Intelligence, particularly from data centers that consume immense amounts of electricity, is putting a strain on the power grid and contributing to the overall increase in electricity prices.

Not mentioned is the additional effect of mining for cryptocurrency and additional electrical infrastructure for EV's.

The ConEd bill is separated into two seperate prices:
1) The cost (per kw-hr) of the electricity used

2) The cost of the infrastructure required for "delivery" of that electricity.

I have been suggesting for years that, while far from sexy, global electrical infrastructure companies have growth curves associated with this factor..

Not recommenedations, but rather a list to contemplate (in no particular order):

swx:ABBN Abb Ltd N Switzerland
swx:ACLN Accelleron Industries AG Switzerland
TEL Te Connectivity Ltd. New Switze Switzerland
PHG Koninklijke Philips N.V. Ny Reg Netherlands
SIEGY Siemens Ag Germany
SBGSY Schneider Electric Se France
EMR Emerson Electric Company USA
ETN Eaton Corporation, Plc USA
ROK Rockwell Automation, Inc. USA
HUBB Hubbell Inc USA
HON Honeywell International Inc. USA
JCI Johnson Controls International USA
APH Amphenol Corporation USA

Jeff