Tech firms to bankroll AI-driven grid upgrades in the PJM region
TL;DR Summary
The Trump administration and a bipartisan group of governors pressed PJM to reform the Mid-Atlantic/Midwest grid to power a wave of AI data centers, urging technology companies to finance new power plants for the region; the agreement covers about $15 billion in generation projects, calls for an emergency capacity auction to keep prices affordable, and directs PJM to act quickly to strengthen reliability while protecting residential customers.
- Trump administration calls on tech companies to pay energy bill for new AI power plants CBS News
- Trump makes a political power play on data centers as electricity costs rise Axios
- Trump Is Pushing Gas to Power AI Boom, But Building Plants Take Years Yahoo Finance
- Northeast governors and White House team up to pressure electric grid on data centers and prices Pittsburgh Post-Gazette
- Shapiro signs onto plan to control rising prices for PJM electricity ABC27
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