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

Will The Iran Conflict Reshape Venture Capital?

March 6, 2026
NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

March 6, 2026
Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

March 6, 2026

Michelle L. Rice On Leading TV One And The Bold Return Of UNCENSORED

March 6, 2026
Restaurants turn to mini cocktails to lure customers in age of Ozempic

Restaurants turn to mini cocktails to lure customers in age of Ozempic

March 6, 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

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

March 6, 2026
Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

March 6, 2026
Restaurants turn to mini cocktails to lure customers in age of Ozempic

Restaurants turn to mini cocktails to lure customers in age of Ozempic

March 6, 2026
Dow falls 560 points, US oil surges to  as Trump demands Iran surrenders

Dow falls 560 points, US oil surges to $90 as Trump demands Iran surrenders

March 6, 2026
Kalshi ripped for not paying M after Iran leader’s death

Kalshi ripped for not paying $54M after Iran leader’s death

March 6, 2026
Anthropic CEO apologizes for lashing out at Trump as he gears up for court battle with Pentagon

Anthropic CEO apologizes for lashing out at Trump as he gears up for court battle with Pentagon

March 6, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

Business March 6, 2026

New York City doesn’t have enough hotel rooms for hordes of visitors coming to this…

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

March 6, 2026

Michelle L. Rice On Leading TV One And The Bold Return Of UNCENSORED

March 6, 2026
Restaurants turn to mini cocktails to lure customers in age of Ozempic

Restaurants turn to mini cocktails to lure customers in age of Ozempic

March 6, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
Dow falls 560 points, US oil surges to  as Trump demands Iran surrenders

Dow falls 560 points, US oil surges to $90 as Trump demands Iran surrenders

March 6, 2026
Kalshi ripped for not paying M after Iran leader’s death

Kalshi ripped for not paying $54M after Iran leader’s death

March 6, 2026

Founder Accused By His Own Startup Of Forgery, Secret Deals And Luxury Spending

March 6, 2026
Anthropic CEO apologizes for lashing out at Trump as he gears up for court battle with Pentagon

Anthropic CEO apologizes for lashing out at Trump as he gears up for court battle with Pentagon

March 6, 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.