Utility chiefs poised for windfall as grid spending surges

Utilities stand to gain as grid modernization costs surge, because regulated returns on approved infrastructure investments can lift earnings and company valuations. A Reuters analysis shows the chief executives of the 15 largest U.S. power companies together hold nearly $1 billion in stock-based compensation that could rise as grid upgrades proceed. Analysts project grid spending could exceed $1 trillion over the next decade. The S&P 500 Utilities Index has risen more than 30% since early 2024, reflecting investor optimism. Meanwhile, average monthly power bills are up about 10% nationwide this year, while critics argue the compensation structure strains customers.