Step 1: Find your local utility. • Search “[your state] public utility commission” to find the regulator that lists every utility serving your area. • Or check your own power bill — the company name is your starting point. • Note whether it’s investor-owned (publicly traded, e.g., Southern Company, Dominion, NextEra) or a municipal/co-op utility (not tradable, but still worth watching for local land/rate impact). Step 2: Check if that utility is publicly traded. • Search “[utility name] ticker symbol” or look it up on Yahoo Finance / Google Finance. • Confirm it pays a dividend and check its dividend history for consistency. Step 3: Check for data center / large-load interconnection activity. • Search “[utility name] large load interconnection queue” or “[utility name] data center power agreement.” • Utilities often disclose this in quarterly earnings calls and investor presentations — search “[utility name] investor relations.” Step 4: Cross-reference with where AI data centers are actually being built. As of mid-2026, the heaviest concentrations are: • Texas — leads the U.S. with over 140 data centers under construction, including OpenAI/Oracle’s Stargate campus in Abilene and a new 1.4 GW site in Shackelford County Texas leads the nation with 140 data centers under construction, narrowly ahead of Virginia with 136 . • Virginia — the historic hub, still second nationally with 136 projects underway, centered on Northern Virginia’s “Data Center Alley” Virginia’s strength is centered in Northern Virginia’s “Data Center Alley,” one of the world’s most important internet hubs . • Georgia and Ohio — next tier down, with 56 and 51 projects respectively After those two, there is a sharp drop to Georgia at 56 and Ohio at 51 . • Louisiana — Meta’s Hyperion AI campus, backed by state tax breaks. • Michigan — a $16B Oracle/OpenAI campus near Ann Arbor. • Wisconsin — Microsoft’s Fairwater campus. • Pennsylvania — Amazon’s $20B build next to the Susquehanna nuclear plant.