Seven tech giants signed Trump’s pledge to keep electricity costs from spiking around data centers

March 4, 2026 Justine Calma

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Trump, federal officials, and tech leaders sit around a table. — Trump summoned tech leaders to the White House on Wednesday, March 4, 2026 to sign pledges committing their companies to foot the electricity bill for energy-hungry data centers. | Photo: Getty Images

Leaders from Google, Meta, Microsoft, Oracle, OpenAI, Amazon, and xAI met with President Donald Trump today to sign a "rate payer protection pledge." It's one way they're responding to growing bipartisan concerns about electricity rates rising as tech companies and the Trump administration rush to build out a new generation of AI data centers.

"[Tech companies] need some PR help because people think that if a data center goes in, their electricity prices are going to go up," Trump said during the event. "Some centers were rejected by communities for that and now I think it's going to be the opposite."

Trump signed a proclamation formally …

Read the full story at The Verge.

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