Trump Moves to Have Tech Giants Pay for Surging Power Costs (4)

President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants.

The unprecedented plan, set to be announced Friday morning, seeks to address growing tensions over how the nation can supply electricity to power-hungry data centers — seen as necessary to help win the global AI race — without simultaneously hiking utility bills for homes and businesses.

The Trump administration and some US governors plan to direct grid operator PJM Interconnection LLC to hold an auction for tech companies to ...