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Why utilities could be the biggest winners of the AI and electrification boom
- October 1, 2025: Vol. 12, Number 9

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Why utilities could be the biggest winners of the AI and electrification boom

by Frank Holmes

I’m sure you’ve noticed that families are paying record or near-record amounts to keep cool this summer. According to the Bureau of Labor Statistics, electricity costs have climbed 5.5 percent in the past 12 months, while natural gas prices have jumped nearly 14 percent. The National Energy Assistance Directors Association says the average household will spend nearly $800 on summer cooling alone, the highest level in more than a decade.

When costs rise this quickly, people naturally look for someone — or something — to blame. President Donald Trump, never one to mince words, took to Truth Social to point the finger at “stupid and ugly windmills,” which he claims are driving up energy prices in New Jersey and across the country. Many of you may have seen his posts.

There’s some truth in what the president is saying. Energy is political, and the rush to “green” policies has often been ham-handed and expensive. But in this case, the facts tell a more c

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