President Trump is delivering remarks this afternoon at the Environmental Protection Agency Headquarters this afternoon, where he will make an announcement on the pledge to protect Americans from paying higher utility bills from data centers.
President Trump previously signed the Ratepayer Protection Pledge at a White House event with top administration officials and leading AI and technology companies.
“Today, we follow through on an announcement I made in my State of the Union address last week as America’s largest tech companies officially sign the Ratepayer Protection Pledge,” Trump said before signing the pledge. “It’s a big deal; it’s going to have a tremendous impact on electricity costs… Under this new agreement, Big Tech companies are committing to fully cover the cost of increased electricity production required for AI data centers — and that would mean prices for American communities will not go up, but in many cases, will actually come down.”
WATCH:
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Trump is expected to announce an expansion of the pledge this afternoon with nearly 200 additional stakeholders to a pledge that covers 80% of all power delivered to U.S. households and businesses, the AP reports.
White House Press Secretary Karoline Leavitt previewed the President’s announcement alongside Energy Secretary Chris Wright, EPA Administrator Lee Zeldin, and governors who have signed onto the pledge during a press briefing earlier.
“The president will expand the ratepayer protection pledge to governors, state legislatures, developers, and power providers to ensure that everyone involved in building empowering data centers pays their own way instead of passing those costs on to hardworking families,” Leavitt said.
“Nearly 200 additional stakeholders have signed on since it was first announced, including utilities, data center developers, public power authorities, co-ops, and state governors. As a result, the pledge now covers 80 percent of all the power delivered to American homes and businesses.”
Leavitt added, “President Trump’s bold leadership is turning data centers from a source of concern into engines of growth and opportunity for communities across this country, all while cementing America’s dominance over China in the global AI race. The president is ensuring the American people are never left footing the bill, so private companies can benefit. Instead, President Trump is leveraging the data center boom to deliver real, tangible benefits for working families and small businesses.”
WATCH:
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The President’s announcement is scheduled for 2:30 pm ET.
Watch live below:
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