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Trump promotes "ratepayer protection" pledge as data centers expand

White House (press event) · July 24, 2026

Summary

At a White House event, President Donald J. Trump urged tech companies to fund power generation and grid upgrades for new data centers under a "ratepayer protection" pledge, arguing the approach will lower household electricity bills and keep the U.S. competitive in artificial intelligence.

President Donald J. Trump on stage promoted a White House "ratepayer protection" pledge under which large technology companies would fund or build the power generation and grid upgrades needed for new data centers, saying the approach would keep household electricity bills from rising as demand grows. "We're here today to continue the incredible progress we're making in communities nationwide to ensure that as new data centers go up ... electricity bills for American families will actually come down," he said.

Trump framed the pledge as central to U.S. competitiveness in artificial intelligence and broader economic growth, asserting the country must expand electricity production rapidly to support data-center growth. He repeatedly contrasted the policy with what he called opponents' restrictions on development and made multiple numeric claims about investment and savings. The event included a roster of governors and utility and industry executives who described local deals they said follow the pledge's principles.

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