00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Trump administration announced the Ratepayer Protection Pledge on Wednesday,
00:06according to Ars Technica. Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and XAI agreed to pay
00:14for new electricity generation and transmission capacity tied to future data center projects.
00:20Companies pledged to fund new power plants or build generation themselves and cover
00:24transmission connections even if the power isn't used. The agreement also encourages
00:29allowing backup generators to support local grids during emergencies and hiring and training local
00:35workers. The pledge claims it will protect consumers from electricity price increases tied to data center
00:41expansion and lower long-term power costs. The agreement has no enforcement mechanism.
00:46Analysts cited limited natural gas turbine supply, rising fuel competition, and transmission delays
00:52as challenges to meeting data center power demand. For all things money, visit benzinga.com.
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