The first days of August 2025 were marked by a series of significant, and often conflicting, developments across the U.S. and global electric utility sector. At the federal level, the Environmental Protection Agency initiated a proposal to rescind the foundational 2009 Endangerment Finding for greenhouse gases, a move that would fundamentally alter climate regulation in the United States. This policy shift occurred as major utilities released second-quarter financial results that underscored an unprecedented surge in electricity demand, driven primarily by the rapid expansion of data centers. This demand is creating immense pressure on utilities to build new generation and transmission infrastructure at a time when industry experts report significant supply chain, cost, and political hurdles for new power plants. Concurrently, states and consumers are exploring independent strategies to manage rising energy costs and improve reliability, while operational challenges, from wildfire risks in Hawaii to storm-related outages in North Carolina, highlight the grid's ongoing vulnerability.