Trump and some governors seek to help consumers and data centers. (GARY CORONADO Los Angeles Times)President Trump and the governors of several U.S. Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants. The Trump administration and some U.S. governors plan to direct grid operator PJM Interconnection LLC to hold an auction for tech companies to bid on 15-year contracts for new electricity generation capacity. If the auction proceeds as envisaged, tech giants would pay for power over the duration of the contracts, whether they use the electricity or not, providing secure revenues for years in a market notorious for price volatility and generator bankruptcies. Vistra Corp. declined as much at 4.8%, Talen Energy Corp. slipped as much as 7.4% and Constellation Energy Corp. dropped as much as 5.4%.

Source: Los Angeles Times January 17, 2026 10:41 UTC