U.S. states are feeling the pressure to build new power plants quickly in response to a surge in energy demand, largely driven by the growing need for electricity from Big Tech companies and the artificial intelligence race. Some states are offering financial incentives and changing regulations to expedite the process while competing for new jobs and investments. However, the federal government’s ability to address the issue is limited as the approval of power plants falls under state jurisdiction. States like Pennsylvania are considering establishing agencies to fast-track construction and offering tax breaks to attract new projects. Other states, like Indiana, Michigan, and Louisiana, are exploring nuclear power, and Maryland is considering commissioning the construction of a new power plant. In Ohio, efforts are being made to reduce the influence of electric utilities and incentivize independent power producers to build plants for the tech sector. Missouri and Kansas are repealing laws to allow utilities to charge customers for building power plants before completion, sparking concerns about higher costs for ratepayers. Overall, states are in a race to meet rising demand and secure reliable, affordable power while balancing the interests of residents, businesses, and the environment.
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