00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Maine lawmakers advanced a bill to freeze new large data center construction until November
00:062027 as officials assess impacts on the environment and electricity grid, according to the Wall
00:12Street Journal. The restriction applies to projects of at least 20 megawatts. The measure
00:16passed the statehouse and is expected to pass the Senate, with support from Governor Janet
00:19Mills. Lawmakers cited high residential electricity prices and concerns that rising data center
00:24demand could increase costs. Similar policies are emerging in other states, while local
00:29opposition has already delayed projects in Maine. Developers warned that restrictions
00:33could limit site selection as political and community resistance grow.
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