DAILYCALLER (Simon August) - Could The Trump Admin’s New Highway Power Plan Lower Your Electric Bill?
‘protect everyday ratepayers from the rate hikes’
‘protect everyday ratepayers from the rate hikes’
President Trump will deliver remarks Thursday afternoon on the White House's plan to expand a voluntary ratepayer protection pledge aimed at shielding consumers from electricity cost increases tied to AI data center growth. The announcement comes as the Ratepayer Protection Act is gaining steam in the House. The legislation, if passed, would require states to "consider" standards that place the costs associated with the sprawling AI infrastructure on tech companies rather than individuals. Earlier this year, the Trump administration said it was seeking agreements with Big Tech companies to pay for the increased power costs in areas where they build new data centers. #trump #epa #ai
Top AI executives, in response to a backlash against high utility bills, pledged to cover the energy costs created by data centers at an event with the president.
President Trump and tech CEOs expressed confidence Wednesday that they can contain soaring electricity rates with a new data center pledge that formalizes and expands on what companies already are doing. Why it matters: With rising power bills turning AI and data centers into an election-year issue, Trump — who campaigned on a promise to cut costs — is eager to show he's trying to protect consumers. - Skeptical Democrats and some energy observers, however, say that far more than voluntary pledges are needed. Driving the news: Microsoft, Amazon, Google, Meta, Oracle, xAI and OpenAI signed the pledge during an event with Trump, who mentioned the initiative during last week's State of the Union address. - The agreement calls for the…
"We're bringing down all of the costs": President Trump announces the signing of the Ratepayer Protection Pledge, which he says will keep utility bills down "very substantially." Big tech companies are committing to fully cover the cost of increased electricity production required for AI data centers so the cost will not be pushed to consumers, Trump says. More: https://tinyurl.com/489fkwpu #AI #utilities #Trump Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live" with Connell McShane. Weekdays starting at 3p/2C. NewsNation is your source for fact-based, unbiased news for all Americans.
The event begins shortly after 3 p.m. Eastern.
Watch live as President Trump is joined by tech CEOs who will sign a “Ratepayer Protection Pledge” asking them to agree to build or buy new generation resources to cover the cost of AI data centers, ensuring expenses aren’t passed to American households. MORE: https://www.newsnationnow.com/business/tech/ai/trump-tech-leaders-ratepayer-protection-pledge/
President Trump will welcome executives from major tech companies to the White House to sign his ratepayer protection pledge. "President Trump’s ratepayer protection pledge will deliver more affordable, reliable, and secure energy for the American people and help stop the rising electricity prices that started during the previous administration," Energy Secretary Chris Wright said in a statement before the event. "This plan will strengthen American energy dominance, while also ensuring the United States wins the AI race."
Tech giants are expected to join President Trump at the White House next week to sign a pledge that they will build or buy their own electricity supplies for data centers. Why it matters: It's the Trump administration's latest response to election-year voter angst over data centers' AI-driven electricity demands and their potential effects on rates. - A number of the biggest tech companies have already made pledges that they say will prevent consumers from getting stuck with the energy bills for the AI buildout. Driving the news: Trump said during Tuesday night's State of the Union address that he negotiated a "ratepayer protection pledge" with tech companies. - He said that the companies will "have the obligation to provide for their…
It’s expected to be one of several economic announcements that Trump makes during the highly anticipated speech.