Seven Tech Giants Sign Trump's Pledge to Keep Electricity Costs from Spiking around Data Centers
Seven tech giants, including Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI, signed a 'rate payer protection pledge' with President Donald Trump today. This pledge is a response to growing bipartisan concerns about electricity rates rising as tech companies and the Trump administration rush to build out a new generation of AI data centers.
Background
The pledge aims to protect ratepayers from spiking electricity costs associated with the construction of new data centers. The tech giants have committed to working with the administration to find solutions that will help mitigate the impact of these costs on consumers.
Signatories
The following tech giants signed the pledge:
- Meta
- Microsoft
- Oracle
- OpenAI
- Amazon
- xAI
Reaction
The signing of the pledge marks a significant step towards addressing the growing concern over electricity costs associated with data center construction. The tech giants have demonstrated their commitment to working with the administration to find solutions that will benefit ratepayers.
Next Steps
The next steps will involve working with the administration to implement the pledge and find solutions to mitigate the impact of electricity costs on consumers.
Sources
[1] Seven tech giants signed Trump’s pledge to keep electricity costs from spiking around data centers