Technology
Fed needs at least two more rate hikes, Logan says
By Maya Patel
Alliant targets 1 GW of new data-center contracts in six months as power demand surges
Jenna Larson
Jenna Larson
Bureau Chief · Fargo, ND
Jenna Larson has been reporting on the Fargo region for over 15 years. She graduated from North Dakota State University and began her career at The Forum of Fargo-Moorhead before joining the Bison Current network. Jenna's focus is on community events, local initiatives, and the stories that make Fargo unique.
More from Jenna →Bureau Chief · Friday, October 30, 2026 at 5:55 PM · 1 min read
By Varun Sahay and Tyakshi Singh Oct 30 (Reuters) Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push US power demand to record highs. The new load would add to the 3.4 GW that Alliant has already contracted with Alphabet s Google, Meta Platforms and Blackstone-backed QTS Data Centers. Earnings growth could exceed the company s 8% target if capital spending rises further to support future load growth and other investment opportunities, Chief Financial Officer Robert Durian said on a post-earnings call. We continue to work on what I ll call capital upside for different opportunities, including the additional load growth that we may see from the data center prospects that we have, Durian said. US electricity consumption hit an all-time high in 2025 and is expected to continue rising this year and the next as data-center capacity e
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