President Donald Trump said that electricity prices in communities where tech companies are building data centers will not rise, and in many cases will come down, thanks to his Ratepayer Protection Pledge.
Trump hosted leaders of top tech companies — Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI — in the Indian Treaty Room of the Eisenhower Executive Office Building on Wednesday and stated that the Ratepayer Protection Pledge will not only shield Americans from higher costs due to data centers, but actually bring costs down in many communities.
“Under this new agreement, big tech companies are committing to fully cover the costs of increased electricity production required for AI data centers,” Trump said. “Prices for American communities will not go up, but in many cases, will actually come down, and very substantially.”
Under the agreement, the companies pledge “to build, bring, or buy new generation resources and cover the cost of all power delivery infrastructure upgrades required for data centers, ensuring such expenses are not passed to American households,” a White House official told Breitbart News earlier Wednesday.