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ENSURING TECH COMPANIES BUILD, BRING, OR BUY POWER FOR DATA CENTERS: Today, President Donald J. Trump brought the leading AI companies and hyperscalers together to sign the Ratepayer Protection Pledge, ensuring they protect Americans from electricity price hikes due to data center energy requirements now and in the long run, take action to further strengthen the grid, and ensure that all Americans benefit from the oncoming technological boom.
- Under President Trump’s leadership, Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI signed the Ratepayer Protection Pledge, agreeing to build, bring, or buy new generation resources and cover the cost of all power delivery infrastructure upgrades required for their data centers, ensuring such expenses are not passed to American households.
- Under the Ratepayer Protection Pledge, these companies will negotiate separate rate structures with utilities and State governments, and commit to pay these rates for the power and related infrastructure brought online to service their data centers, whether they use the electricity or not.
- Companies signing the Ratepayer Protection Pledge will also coordinate with grid operators to make backup generation resources available, contributing to a more reliable grid and preventing blackouts and power shortages in times of emergency.
- The Ratepayer Protection Pledge commits AI companies and hyperscalers to hiring and training talent from within the communities where they build and operate data centers, creating thousands of jobs and enhancing workforce skills.
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