AI power demand surges: Dominion in talks for 47 GW of new datacentre load

Dominion Energy said it is in talks to supply 47 gigawatts of new data-centre capacity, up 17% year-to-date, underscoring AI-driven power demand in Virginia and South Carolina. The utility beat quarterly profit estimates and tightened full-year guidance. Management cited longer-term deals with hyperscalers and electrification as key drivers. The anticipated load requires grid investments, grid upgrades and new generation, including gas peakers & renewables, with reliability planning. Power-purchase negotiations signal sustained AI infrastructure buildout, creating implications for U.S. utilities, equipment makers, regulators and local communities.