tech
March 5, 2026
Seven tech giants signed Trump’s pledge to keep electricity costs from spiking around data centers
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TL;DR
- Seven tech companies signed a "rate payer protection pledge" with President Trump.
- The pledge requires companies to pay for grid upgrades and new electricity resources for their data centers.
- This is a response to concerns that data center electricity demand could increase consumer rates.
- Companies will also negotiate separate rate structures with utilities and may supply backup power.
- The pledge includes a commitment to hire from local communities.
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