Trump Administration Proposes $15B Power Plant Plan Funded by Tech Companies

The Trump administration is urging the PJM Interconnection to auction $15 billion in new power generation contracts, with the expectation that major tech companies will finance them. This proposal comes amid rising electricity demand driven by AI and data centers, affecting over 65 million people in the PJM service area. The administration insists that tech firms bid on these contracts even if they do not require the additional power capacity.