The U.S. Congress is preparing to consider the Bipartisan American Affordability and Jobs Act, its first major legislative initiative on data centers since Democrats took control following the recent midterm elections. The bill would accelerate approvals for power plants and transmission lines while requiring data center operators to cover a larger share of grid-upgrade costs. The move comes as data center expansion and electricity costs have become prominent voter issues, following the passage of several ballot measures supporting restrictions on these facilities. TD Cowen lowered its probability of the bill being enacted from 40% to 25%, while markets anticipate a more favorable environment for data centers and a reduced likelihood of a statewide moratorium in Louisiana.
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