00:02Well, thank you very much. These are exciting times.
00:05AI, red light cap, and we did that too all within the first year.
00:11Under this new agreement, big tech companies are committing to fully cover the cost of increased electricity production required for
00:19AI data centers.
00:21And that would be prices for American communities will not go up, but in many cases will actually come down
00:30and very substantially.
00:32Because, you know, the data centers and you people are so big as you're the biggest in the world, but
00:37they've developed a little bit of a bad public.
00:41They have they need some PR help because people think that if a data center goes in, their electricity prices
00:48are going to go up.
00:49And that's not happening. It's not going to happen. And for the areas where it did happen, it won't happen
00:54anymore.
00:55And it was sort of love at first sight. He has done some job and so has Doug.
01:00By 2035, energy demand is expected to more than triple.
01:04Under the rate payer protection pledge we're signing today, the big tech companies are making five important commitments to keep
01:12utility prices down for American consumers.
01:15First, these companies are committing to provide or pay for all power generation and electricity needed for their AI projects,
01:25which is massive.
01:26And where possible, they'll add capacity to the grid by building new power stations.
01:31So they're going to be making their own electricity. They're not going to be taking from the grid.
01:36And they will actually probably based on what I'm seeing, they're building over capacity and they'll be able to sell
01:43that over capacity at very low prices into the grid.
01:47In addition to that, we're fixing the grid. Now, if we we thought you were kidding. Are you serious? You
01:53really they couldn't believe it.
01:55Second, they'll cover the costs of upgrading existing power delivery infrastructure and their energy demand as it requires further investment.
02:04So they'll be upgrading existing power delivery infrastructure.
02:09They will third negotiate separate rate structures with utilities to clearly and cleanly assign them to the costs of new
02:18capacity investments and commit to paying even if they do not end up using all of that electricity.
02:25They're going to make a commitment. A little bit of a bad public. They have they need some PR help
02:31side of the area.
02:32And fourth, they'll invest in the local communities where they build and operate, provide workforce development and jobs for skilled
02:40Americans like those with us today.
02:43We have great, great skilled people, electricians, engineers, HVAC technicians, server and network technicians, power plant workers, plumbers, welders and
02:54many others.
02:55There's all people that I've hired all my life. I've been hiring you guys and you've done a great job.
03:00I've built a lot of buildings, a lot of good ones.
03:03And finally, they will use their infrastructure to contribute back up power to local grids during times of need.
03:10An actual copy of the ratepayer protection pledge, committing them to your vision for this industry going forward.
03:16Pretty good. Right. And let me say to the press, thank you so much for being here was fantastic.
03:23After the pledges are signed, if we can have you move out of the room as quickly as you can
03:27so we can do a little bit of business.
03:29But thank you for being here at this thing. And as you heard, the summary of the Trump agenda is
03:34lower prices, higher wages.
03:36Okay, you got it done.
04:06Okay, I'm good.
04:07Okay.
04:08Okay.
04:09And then I can take your facade.
04:13Okay, I got it.
04:13Hi, guys.
Comments