Friday, January 16, 2026

January 2026: TRUMP PRESIDENCY "Emergency Intervention": Trump To Cap Residential Electric Bills By Forcing Tech Giants To Pay For Soaring Power Costs

Emergency Intervention": Trump To Cap Residential Electric Bills By Forcing Tech Giants To Pay For Soaring Power Costs
"Back in August, when the American population was just waking up to the dire consequences the exponentially growing army of data centers spawned across the country was having on residential electricity bills, we said that the chart of US CPI would soon become the most popular (not in a good way) chart in the financial realm.
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, effectively putting a cap for residential power prices at the expense of hyperscalers and data centers.
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, critical to help win the global AI race against China, without simultaneously hiking utility bills for homes and businesses." 
ZeroHedge

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