US EditionTech Firms Pledge $15B for Grid as Data Center Power Costs Surge
The White House and bipartisan governors seek $15 billion in new power plant funding from tech data centers to protect consumers and support AI industry growth, officials said.
- On Friday, PJM Interconnection issued its own plan after months of work, calling for emergency power cuts to large users and suggesting utilities remove data centers from the grid.
- The White House and 13 governors urged a one-time auction for tech companies to bid on 15-year contracts and pushed PJM Interconnection to extend a capacity price cap to contain consumer costs.
- Data show the PJM region has seen prices affected by rising demand from data centers, and consumers already pay billions to underwrite supplies, with the existing cap covering payments through mid-2028.
- The Edison Electric Institute said it supports tech companies bidding to build new power plants, the Information Technology Industry Council welcomed the announcement to `craft solutions`, and PJM Interconnection said it will review the governors' principles amid FERC pressure.
- Administration officials said powering AI is vital to compete with China, while analysts warned that permitting and transmission delays in mid-Atlantic PJM states increase blackout risks.
163 Articles
163 Articles
Trump pushes for emergency power auction to support AI boom
The Trump administration and more than a dozen states are pushing for big tech companies to effectively fund construction of new power plants as a way to prevent data centers from driving up residential utility bills. U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum joined 13 governors in outlining a plan urging the nation’s biggest grid operator, PJM Interconnection LLC, to hold an emergency auction so tech companies can bi…
Fox News AI Newsletter: Data center alarm
IN TODAY’S NEWSLETTER:- Data center boom powering AI revolution may drain US grids — and wallets- Grok AI scandal sparks global alarm over child safety- In 2026, energy ‘wars’ new frontier is AI, and U.S. must win that battle, API chief saysPOWER CRUNCH: The rapid expansion of artificial intelligence (AI) data centers is raising alarms over how much power and water they consume — and what that could mean for Americans’ utility bills — as Washing…
Hawaii Tribune-Herald
Breaking OneTrump and states aim to stop AI from inflating energy bills
The Trump administration announced Friday that it would work with states to ensure that the nationwide artificial intelligence race does not drive up the costs of electricity for millions of Americans.
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