Power Demand Expected to Double by 2040 Thanks to AI and EVs, California Utility Says
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PG&E Corp. workers prepare to energize power lines in Calistoga, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
California’s biggest utility sees power demand doubling by 2040, driven by artificial intelligence, electric cars and other efforts to electrify more of the economy, according to PG&E Corp.’s top executive.
PG&E is equipped to meet that surge in demand without significantly adding to its fleet of power plants, Chief Executive Officer Patti Poppe said Friday in an interview on Bloomberg Television. That’s because the utility’s system isn’t running at its full potential.