On Friday, President Donald Trump—together with governors across key Mid-Atlantic Region states—announced a new initiative aimed at addressing soaring electricity demand driven by large‑scale AI and cloud‑computing data centers. This joint federal-state initiative directs the regional wholesale power grid operator, PJM Interconnection, L.L.C. (PJM)1, to conduct an emergency auction to procure additional power plant capacity aimed at enhancing reliability and stabilizing power prices. Rather than issuing an executive order, as President Trump has done over the last year to address other energy issues, today’s action was issued instead as a non‑binding Statement of Principles, signed by the National Energy Dominance Council2 and participating governors.
