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Stock impact report

States are taking action as electric bills rise amid data-center boom. ‘There's a massive outcry' [Fortune]

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
Company Research Source: Fortune
It's not clear that any state has a solution and the actual effect of data centers on electricity bills is difficult to pin down. Some critics question whether states have the spine to take a hard line against tech behemoths like Microsoft Google Amazon and Meta But more than a dozen states have begun taking steps as data centers drive a rapid build-out of power plants and transmission lines. That has meant pressuring the nation's biggest power grid operator to clamp down on price increases, studying the effect of data centers on electricity bills or pushing data center owners to pay a larger share of local transmission costs. Rising power bills are “something legislators have been hearing a lot about. It's something we've been hearing a lot about. More people are speaking out at the public utility commission in the past year than I've ever seen before,” said Charlotte Shuff of the Oregon Citizens' Utility Board, a consumer advocacy group. “There's a massive outcry.” Not the Show less Read more
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