• The Trump administration and several US states have laid out a plan to compel technology companies to fund the construction of new power plants to tame surging consumer utility bills and aid data center development.
• The plan involves an emergency wholesale electricity auction that would allow tech companies to bid on 15-year contracts for new electricity generation capacity, helping to secure supplies and curb price volatility.
• The auction would deliver contracts supporting the construction of new power plants, with the goal of accelerating the construction of new power plants and addressing growing tensions over who will bear the costs of rising electricity demand.