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Stock impact report

Here's how we all ended up paying Big Tech's power bill [Business Insider]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Zisser This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in AI is driving up the cost of electricity. Utilities in Indiana and Ohio are requiring data centers to pay more for power. Big Tech is fighting back as other states grapple with how to charge data center customers. In several states, public utilities are asking power-hungry data centers to cover more of their mounting electricity costs. Utilities have long enforced special terms and conditions, called tariffs, on their largest customers, to ensure they are paying their fair share. Facing a historic surge in electricity demand amid Big Tech's AI race, utilities in states like Indiana and Ohio are now turning to tariffs to protect residents and small businesses from higher power bills as more data centers come online. Data centers consumed about 4.4% of all electricity in the US in 2023, according to research from the US Departmen Show less Read more
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