Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On
Toyota recalls 550K vehicles over seat-back locking issue

Toyota recalls 550K vehicles over seat-back locking issue

March 12, 2026
BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

March 11, 2026
Target cuts prices on 3,000 items as inflation remains above Fed target

Target cuts prices on 3,000 items as inflation remains above Fed target

March 11, 2026
Mt. Shasta Ski Park shuts early due to lack of snow

Mt. Shasta Ski Park shuts early due to lack of snow

March 11, 2026
Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

March 11, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Hochul wants NY AI, data centers to pay more as they tax energy grid

Hochul wants NY AI, data centers to pay more as they tax energy grid

By News RoomJanuary 12, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Hochul wants NY AI, data centers to pay more as they tax energy grid
Share
Facebook Twitter LinkedIn Pinterest Email

It’s a real power play.

Gov. Hochul wants AI and other computer data centers that devour huge amounts of energy to pay more for electricity in a move she says will prevent sticker shock on regular customers.

“Massive data centers are driving up electricity demand faster than the grid can keep up, pushing costs onto working families and small businesses who can’t afford higher bills,” Hochul said in a statement to The Post.

Governor Kathy Hochul speaking at the Long Island Association State of the Region Breakfast.
Gov. Kathy Hochul has called on AI and computer data centers to pay more for electricity.

“While New York continues to lead in attracting new technologies, we must grow responsibly, ensuring affordability comes first and those profiting from data growth pay their fair share,” she said.

Hochul will discuss her proposal in her 2026 State of the State address on Tuesday, saying she will ask the state utilities regulator, the Public Service Commission, to set up an “Energy NY Development” program.

The program would make it easier for large energy users to connect to the electrical grid, but with strict conditions to protect other ratepayers.

Industries will pay more for their energy needs or supply their own, the governor said.

The price structure will be determined by the PSC, according to the governor’s office.

An electricity substation in Fair Lawn, NJ.
Hochul told The Post in a statement that data centers are driving up the demand for electricity beyond what the state’s power grid can keep up with.

Hochul, a Democrat seeking re-election amid outrage over ever growing utility bills and the high cost of living in New York, has walked back some mandates to comply with New York’s ambitious green energy law — the Climate Leadership and Community Protection Act of 2019.

The state’s landmark climate law aims to reduce greenhouse gas emissions 85% by 2050 by phasing out fossil-fuel burning vehicles and power plants — and requires zero emissions for energy generation by 2040.

To the chagrin of climate-change fighting environmentalists, Hochul has steadily walked back parts of the climate law.

She delayed a controversial “cap and invest” program last year that critics warned would send gas and home-heating oil prices soaring.

In November, Hochul greenlit a controversial, President Trump-backed natural-gas pipeline off the Big Apple’s coast and stalled a gas stove ban for newly built homes.

Hochul, in a letter accompanying the state’s updated energy plan last month, argued New York needed to readjust its carbon-free approach — especially because of potentially catastrophic energy shortages.

“I will not risk rolling blackouts or gas outages,” she said.

The PSC asked Con Edison to devise a plan to address the reliability of the Big Apple’s grid — after frightening concerns about the potential for blackouts came to light.

The move followed stark warnings from the independent operator of the Empire State’s electric grid that increased electricity demand and decreasing fossil fuel generation capacity may lead to power outages in New York City as soon as next summer.

artificial intelligence Business Electricity Energy Green Energy kathy hochul Metro power public service commission Renewable Energy US News
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Toyota recalls 550K vehicles over seat-back locking issue

Toyota recalls 550K vehicles over seat-back locking issue

March 12, 2026
BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

March 11, 2026
Target cuts prices on 3,000 items as inflation remains above Fed target

Target cuts prices on 3,000 items as inflation remains above Fed target

March 11, 2026
Mt. Shasta Ski Park shuts early due to lack of snow

Mt. Shasta Ski Park shuts early due to lack of snow

March 11, 2026
Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

March 11, 2026
Here’s who and what to blame for oil skyrocketing to 0 a barrel and causing widespread panic

Here’s who and what to blame for oil skyrocketing to $120 a barrel and causing widespread panic

March 11, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

BlackRock CEO Larry Fink says Iran war will not derail economy despite surging gas prices

Business March 11, 2026

BlackRock Chairman and CEO Larry Fink insisted the United States’ war with Iran will not…

Target cuts prices on 3,000 items as inflation remains above Fed target

Target cuts prices on 3,000 items as inflation remains above Fed target

March 11, 2026
Mt. Shasta Ski Park shuts early due to lack of snow

Mt. Shasta Ski Park shuts early due to lack of snow

March 11, 2026
Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

Jeffrey Epstein tapped Bill Clinton’s ex-press secretary Joe Lockhart for PR advice — mistakenly calling him ‘lockhard,’ docs show

March 11, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
Here’s who and what to blame for oil skyrocketing to 0 a barrel and causing widespread panic

Here’s who and what to blame for oil skyrocketing to $120 a barrel and causing widespread panic

March 11, 2026
Trump signals he will tap into Strategic Petroleum Reserve to bring down gas prices

Trump signals he will tap into Strategic Petroleum Reserve to bring down gas prices

March 11, 2026
Gen Z digital moguls building seven-figure companies at the gym

Gen Z digital moguls building seven-figure companies at the gym

March 11, 2026
Papa John’s mulling fresh .5B offer to go private: report

Papa John’s mulling fresh $1.5B offer to go private: report

March 11, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.