Trump administration calls on tech companies to pay energy bill for new AI power plants
CBS News • • business
Key Points:
- The Trump administration and a bipartisan group of governors have called for reforms to the PJM Interconnection electric grid to manage the impact of new artificial intelligence data centers and prevent rising electricity costs.
- A statement of principles was signed, urging technology companies to fund new power plants in the PJM region, which serves over 67 million people across 13 Mid-Atlantic and Midwest states.
- The agreement includes plans for an emergency capacity auction by PJM and protections for residential customers against capacity price increases, with over $15 billion in new power-generation projects supported.
- Energy Secretary Chris Wright and governors from Virginia, Maryland, and Pennsylvania emphasized the need for reliable, affordable electricity to support families and manufacturing industries.
- PJM announced immediate measures to secure additional
