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Electricity bills and data centers have become prominent issues in the U.S. midterm elections. Household electricity prices have risen by more than 10% since 2024, with increases in some swing states reaching three times the rate of inflation. Candidates and officials are pushing to lower bills by freezing rates or limiting the construction of new data centers. Meanwhile, requests for rate increases are expected to total $31 billion, and utility companies’ investment spending could approach $1.3 trillion over the next five years. Electric utilities warn that restrictions on rates and returns could undermine the investment needed to upgrade the grid, while the effects of political pledges on bills and financing remain uncertain.
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