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Big Tech's data center push has sent electricity bills higher. Lawmakers want to slow them down. [Yahoo! Finance Canada]
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This week, Sens. Josh Hawley (R-Mo.) and Richard Blumenthal (D-Conn.) introduced the first bipartisan bill in Congress designed to prevent data center power usage from affecting consumers' electric bills. A week earlier, on Feb. 6, New York became at least the sixth state to have its legislators propose a bill to pause data center construction within state lines . This legislation would effectively shut out New York as a potential site for new data centers if it passes. In doing so, New York's legislators join federal state congressional leaders across the country in attempting to legislate an industry that has boomed and threatens an already overtaxed power grid. "The regulatory framework was not designed for single-sector load shocks, so policymakers are attempting to adjust in real time to the scale and speed at which the load forecasts are changing," Didi Caldwell, founder and CEO of site selection advisory firm Global Location Strategies, told Yahoo Finance. "The system
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