Sources: S&P Global Commodity Insights; 451 Research (historical). Data compiled January 29, 2024. Utility forecast includes data center forecasts from Pennsylvania-New Jersey-Maryland (PJM) (based on utility forecasts), Georgia Power Co., Duke Energy Corp., Arizona Public Service (APS), Salt River Project (SRP), Northwest Power and Conservation Council, Portland General Electric Co., Silicon Valley Power, Public Service Company of Colorado, Omaha Public Power District, NYISO, ERCOT, Tennessee Valley Authority (TVA) and MISO.