Trump wants Big Tech to pay for new power plants as electricity prices surge
The data centers that power the AI boom also need power themselves—and a lot of it. Now the Trump administration wants the tech companies cashing in on AI to foot a bigger part of the bill.
The administration said Friday that it would urge major East Coast power grid operator PJM Interconnection to hold an emergency power auction for tech companies, inviting them to bid on 15-year contracts for new electricity generation. Under the plan, the auction would raise billions of dollars that would then go directly toward building out $15 billion in new power plants.
Tech companies would be locked into paying for the........
