US utilities are planning to spend a record $1.4 trillion on the power grid to keep up with the demands of power-hungry data centers – and the investment could hike electricity bills even higher for Americans, according to a new study. Some 51 investor-owned utilities are planning the spending spree on the country’s aging power grid over the next five years, according to a new report from PowerLines , a consumer education nonprofit. The investment marks a massive 20% jump from what utility