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Power & Grid:
What changed in power and the grid, and why it mattered.
- 01
ABB says its US orders rose 82% in its third-quarter report.
Orders are what electrical equipment makers build and ship from later, so a jump in US demand points to strong spending on grid and power gear. The read-across runs to other equipment suppliers and to the contractors who install it.
Electrical equipment· ABBN.SW·Source 1·Source 2
Closest to a screener match in Electrical equipment and Grid builders · Wednesday's close, 21 Oct
- Not a match
EatonETN
One check short of a pick.
- Not a match
Two checks short of a pick.
- 02
Schneider Electric raised €6 billion through a share sale, and its shares slipped.
A raise this size gives a major electrical equipment maker fresh money, and the market's first reaction was a small dip as new shares came out. Separately, Budderfly announced $500 million for US municipal energy systems and a partnership with Schneider. That ties the company to public-sector energy upgrade work.
- 03
Virginia's governor wants a six-year rate freeze before approving the Dominion and NextEra merger.
A rate freeze would cap what the combined utility can charge customers while it funds new building, which squeezes returns on that spending. It sets a marker for how regulators may treat large utility mergers. Dominion also fell below a key long-term trend line this past week, while NextEra reports earnings on 2026-10-21.
Closest to a screener match in US utilities · Wednesday's close, 21 Oct
- Not a match
One check short of a pick.
- Not a match
Xcel EnergyXEL
Two checks short of a pick.
- 04
Google partnered with Xcel Energy to supply clean power to a new AI data center.
Data center demand is a main driver of new power needs, and deals like this show tech buyers contracting directly with utilities. Xcel is among several US utilities that have strengthened over the past week, so the group has been improving more widely.
Closest to a screener match in US utilities and Renewables · Wednesday's close, 21 Oct
- Not a match
One check short of a pick.
- Not a match
VestasVWS.CO
Two checks short of a pick.
- 05
Oklo moved forward on regulatory milestones for its nuclear plans.
For new nuclear developers, regulatory approvals are the gating step before anything gets built, so progress here matters more than announcements. The whole new-nuclear group is still weak.
Closest to a screener match in New nuclear · Wednesday's close, 21 Oct
- Not a match
BWX TechnologiesBWXT
Two checks short of a pick.
- Not a match
OkloOKLO
Too many figures missing to judge it yet.
Coming up · Next 7 days
- 22 Oct
ResultsPG&E
- 26–30 Oct
conferenceSingapore International Energy Week 2026
- 27–28 Oct
macroFOMC meeting
- 27 Oct
ResultsHubbell
- 28 Oct
policyAutumn Budget 2026 (OBR Economic and fiscal outlook) (London)
- 28–29 Oct
- 28 Oct
ResultsAmerican Electric Power, GE Vernova, MYR Group
Published 21/10/2026, 08:03 UTC · claude-sonnet-5-5