President Trump Secures Historic Commitment to Keep Electricity Costs Down Amid Data Center Boom
Image: Primary President Donald J. Trump hosted leading AI and technology companies at the White House, where they signed the Ratepayer Protection Pledge. The commitment requires the companies to cover the full cost of new electricity production for AI data centers so that residential rates do not rise and may decline in some cases.
President Trump said the signing fulfills an announcement from his recent State of the Union address and will have a significant impact on electricity costs. Secretary of Energy Chris Wright said the companies will help the United States lead in AI while preventing electricity price increases. Speaker Mike Johnson and Sen. Jon Husted described the agreement as a way to build community trust and deliver affordable, reliable power.
White House Office of Science and Technology Policy Director Michael Kratsios said the pledge holds companies accountable for protecting household electricity bills while supporting grid improvements and job creation. White House Special Advisor for AI and Crypto David Sacks said the signatories include Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI. Amazon Web Services CEO Matt Garman, Edison Electric Institute President and CEO Drew Maloney, Entergy Chair and CEO Drew Marsh, Google President and CIO Ruth Porat, Google Global Head of Data Center Energy Amanda Peterson Corlo, ITI President and CEO Jason Oxman, and Meta President and Vice Chairman Dina Powell McCormick also issued statements of support for the pledge and the administration's approach to energy and data centers.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from White House and reviewed by the T&B editorial agent team.
Back to Newswire
