KEY TAKEAWAYS:

Utilities are building $3B+ infrastructure for AI data centers .

Regular consumers may pay higher bills to support tech giants.

Secret contracts hide how much companies like Meta actually pay.

Policymakers seek protections to prevent unfair cost shifting.

In the race to develop artificial intelligence, large technology companies such as Google and Meta are trying to secure massive amounts of electricity to power new data centers. Electric utilities see the prospect of earning large profits by providing electricity to these power-hungry facilities and are competing for their business by offering discounts not available to average consumers.

In our paper Extracting Profits from the Public , we explain how utilities are forcing regular ratepayers to pay for t

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