PG&E Corporation plans to spend $73 billion by 2030 on transmission upgrades to meet the growing electricity demand from data centers and AI adoption. The company aims to serve 10GW of new electricity demand, with power consumption expected to reach record highs in 2025 and 2026.

In addition to addressing new data center load, PG&E is investing in grid reliability. Plans include building underground power lines and upgrading wildfire safety systems. The company has faced criticism for sparking wildfires in the past but is taking steps to improve its infrastructure.

PG&E Corporation, trading under NYSE: PCG, supplies electricity and natural gas to customers in California. While it presents investment potential, other AI stocks may offer greater upside. A free report highlights a potentially undervalued AI stock benefiting from current trends in tariffs and onshoring.

Read more at Yahoo Finance: PG&E Unveils $73B Plan to Power AI Data Centers and Upgrade Grid by 2030