Utilities Down as Traders Reassess Power Demand -- Utilities Roundup

CEG

Shares of power producers slid amid concerns that Chinese firm's DeepSeek breakthrough making artificial intelligence more cheaply and efficiently would cut short a boom in U.S. electricy production.

Shares of Constellation Energy, a utility that has arranged to restart production at Three Mile Island nuclear plant in order to feed tech companies' voracious AI-related power demand, fell by more than one fifth.

GE Vernova, the maker of wind turbines and other generating equipment, plunged by a similar measure.

Write to Rob Curran at rob.curran@dowjones.com

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01-27-25 1755ET