Infrastructure Equities

Positioned for Growth: The Evolution of U.S. Utilities

Article

Jul 23, 2025

Structural demand drivers related to industrial growth and artificial intelligence (AI) applications are shifting the investment narrative around utilities from defensiveness to growth.
 
Over the next decade, we believe U.S. utilities are poised to offer a compelling combination of their characteristic defensiveness and meaningful earnings upside as the long-term power demand story unfolds.

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