Utility shares surge on PJM's plans to speed up data center timeline
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Utility shares, including Constellation Energy (CEG), NRG Energy (NRG), and Vistra (VST), surged after PJM Interconnection announced plans to expedite data center integration with energy producers. CEG rose 7.4%, NRG 7%, and VST 6.6%. PJM aims to address rising demand by advancing a reliability auction to September, acknowledging capacity shortfalls to meet hyperscaler-driven demand, according to Evercore ISI analysts.
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