States Seek Faster Power Plants
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•Business
Business & Economics
Facing competition from Big Tech, states dangle incentives and loosen laws to attract power plants
83% Informative
Facing spiking energy demand, U.S. states are pressing for ways to build new power plants faster.
Some states are dangling financial incentives and loosening laws to attract power plants.
The spike in demand for electricity is being driven, in large part, by the artificial intelligence race.
A Pennsylvania state lawmaker wants to set up a massive power plant-financing fund like Texas ' $10 billion low-interest loan program.
Even by conservative estimates, the state will need dozens more power plants to meet projections of rising demand.
A state lawmaker says Pennsylvania hasn't built a new power plant since 2019 .
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