Utility stocks have tapered off amid concerns about AI demand raising prices for consumers and upsetting regulators. Wall Street now focuses on rate base growth, projecting a 9% increase in the US utility rate base over the next five years. Customers can expect electricity prices to rise faster than inflation, with a 1.6% increase per year. Utility stocks may not be cheap but offer a potential total return of at least 9%. The market direction will dictate utility stock performance moving forward.

Read more at Yahoo Finance: Why Utility Stocks Are No Longer the Easy AI Trade