U.S. Governors to Sign Agreement at White House to Curb Electricity Costs
Governors from 13 U.S. states will convene at the White House to sign an agreement with the Trump administration aimed at reducing electricity costs for the PJM grid, imposing two-year price caps on future auctions affecting 67 million residents. The agreement also mandates that new data center operators, such as Amazon and Google, contribute more to grid expansion costs. This initiative responds to rising power bills and the political pressures faced by state leaders, coinciding with the introduction of the 'Power for the People Act' by Senator Chris Van Hollen.
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Governors from 13 U.S. states will meet at the White House to sign an agreement with the Trump administration aimed at reducing electricity costs for the PJM grid. The agreement will impose price caps for two years on future auctions affecting 67 million residents.
New data center operators, including Amazon and Google, will be required to contribute more to grid expansion costs. The event addresses rising power bills and the political backlash faced by state leaders. A bill titled 'Power for the People Act' was introduced by Senator Chris Van Hollen to tackle rising electricity costs linked to data centers.
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