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Exelon claims that the potential demand for data centers is greater than 30 gigawatts

Exelon, a major U.S. electric utility, has 33 gigawatts worth of data centers interested in connecting to their system. The company is exploring its options to add new power supplies to keep up with the demand explosion, executives at the company said on Tuesday. Electric utilities are receiving massive requests for energy to power Big Tech's AI data centers. This is driving U.S. electricity consumption to new heights and putting pressure on the grid.

Three gigawatts of power is enough to run all the homes in California combined with New York, Texas and New York.

Exelon reports that 17 gigawatts of this amount are already connected to its system. Another 16 gigawatts, which will be studied, are expected to join the formal pipeline before the end the year.

Exelon provides service to more than 10 million customers via six transmission and distribution utilities that are fully regulated.

Exelon, a Chicago-based company, is considering whether it can build and own power plants. Electric utilities are prohibited from doing so in several states of the United States. In these states, the regulated utilities are responsible for power lines while independent power producers operate and own power plants.

In some states, such as Pennsylvania and New Jersey there are proposals to allow utilities to own and develop power plants.

Calvin Butler, Exelon's CEO, said during a conference call with investors that "we want to be part the solution." "The demand is not met by the supply."

Exelon's overall revenue for the second quarter was $5.43 billion. This compares to an average analyst estimate of $5.38billion, according to LSEG data.

The earnings at PECO, Pennsylvania's largest natural gas and electric energy company, increased by 51%, to $136 millions, during the quarter.

The earnings of its Commonwealth Edison unit, the largest electric utility company in Illinois, dropped 15.6% to $228 millions.

The company confirmed its adjusted full-year profit forecast for 2025 of $2.64 - $2.74 per share. Analysts had expected $2.69 per stock.

Exelon reported adjusted operating earnings per share of 39 cents for the period April-June, compared to analysts' estimates of 37 cents. Reporting by Laila Kerney in New York; Pranav Mathur, Katha Kalia and Aurora Ellis in Bengaluru. Editing by Shreya Biwas, Shailesh Kumar and Aurora Ellis.

(source: Reuters)