Tech giants and Indiana Michigan Power settle, ensuring new data centers won't raise local utility bills.

Indiana Michigan Power (I&M) and tech giants like Amazon, Microsoft, and Google have agreed to a settlement with Indiana regulators and consumer advocates. The deal ensures that the costs for powering new data centers won't be passed on to existing customers. Tech companies will invest in grid modernization and infrastructure, aiming to support economic growth and grid reliability without raising utility bills for local residents.

November 23, 2024
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