Seven tech giants signed Trump’s pledge to keep electricity costs from spiking around data centers
Seven major tech companies, including Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI, signed a "rate payer protection pledge" with President Donald Trump on March 4, 2026. The pledge commits these companies to cover the electricity costs for their energy-hungry data centers, ensuring that local communities do not face rising electricity prices. This move comes in response to growing bipartisan concerns about the impact of data centers on electricity rates. Trump stated that the pledge would help address the perception that data centers lead to increased electricity prices, which had previously caused some communities to reject such projects. The signing of this pledge is seen as a way for the tech companies to address these concerns and maintain good relations with local communities as they continue to expand their data center infrastructure.
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