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Trump, Governors Propose Emergency Auction to Lower Power Costs

1/16/2026

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Summary

Story summary

U.S. President Donald Trump and Northeastern governors advocate an emergency electricity auction to curb rising power costs tied to data centers.
The plan would require tech companies to fund new power plants through 15-year contracts.
The proposal aims to relieve the PJM grid, which serves more than 67 million people and faces a projected 17% demand increase by 2030.
Smaller companies could face volatile electricity prices.

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Story summary

U.S. President Donald Trump and Northeastern governors advocate an emergency electricity auction to curb rising power costs tied to data centers.
The plan would require tech companies to fund new power plants through 15-year contracts.
The proposal aims to relieve the PJM grid, which serves more than 67 million people and faces a projected 17% demand increase by 2030.
Smaller companies could face volatile electricity prices.