Power company shares fell in recent trading on Friday after multiple media outlets reported that the Trump administration is pushing for technology firms to shoulder the costs of new power plants in connection with the AI data center construction surge.
Vistra (VST) shares were down 6%, Constellation Energy (CEG) shares fell 8.1%, and NRG Energy (NRG) dropped 2.1%.
Trump and governors from Mid-Atlantic states plan to direct grid operator PJM Interconnection to hold an auction for big tech companies to bid on 15-year contracts for new electricity generation capacity, according to the reports, which cited sources in the White House.
Utility bills are increasing in many parts of the US, in part due to the ongoing buildout of power-intensive data centers that are used to train artificial intelligence, the reports said.
Price: 167.27, Change: -12.91, Percent Change: -7.17
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