Entergy hikes spending plan as data center demand grows

U.S. electric utility Entergy has increased its long-term capital expenditure plan by $2 billion to meet rising demand from AI-driven data centers. The company forecasts $43 billion in capital spending from 2026 to 2029, with $11.6 billion allocated for this year. Despite a 1.7% rise in shares, Entergy faces challenges from higher debt levels and increased operating expenses. The utility's adjusted profit for the full year is expected to be between $4.25 and $4.45 per share, slightly below analysts' estimates. Entergy's total retail sales rose to 30,017 GWh in 2025.