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The White House joins governors in a move to boost electricity generation in one of the country’s most expensive markets.
PJM Interconnection
President Donald Trump mounted a dramatic intervention into the nation’s largest power market Friday, aiming to quell political headaches over rising electricity prices fueled by new data centers across a clutch of swing states.
The unprecedented move by the White House is an attempt to ensure one of the brightest spots in the economy — the surge in construction of data centers devoted to artificial intelligence — isn’t hamstrung by one of the biggest drags — the rising cost of energy. Market analysts, however, expressed skepticism the plan would result in lowering those costs anytime soon, given the time it will take to build new generation.
