Overview
- President Donald Trump is expected to unveil an emergency reliability auction that would require major technology companies to bid on 15-year contracts for new generation, according to multiple reports.
- The initiative would urge PJM Interconnection to run a separate backstop auction designed to accelerate construction of power plants to serve surging data-center load.
- If adopted by PJM, the contracts could support roughly $15 billion in new generation capacity, a White House official told reporters.
- An agreement to be presented at the White House includes a two-year cap on future PJM auction prices and seeks to shift more grid expansion costs onto operators such as Amazon and Google.
- Governors including Pennsylvania’s Josh Shapiro, Maryland’s Wes Moore, Ohio’s Mike DeWine, and Virginia’s Glenn Youngkin are expected to attend, while PJM said it does not plan to participate.