Washington, D.C. — TechNet, the national, bipartisan network of tech CEOs and senior executives, today issued the following statement from President and CEO Linda Moore on the House Energy and Commerce Committee’s vote to advance the High-Capacity Grid Act and the Ratepayer Protection Act, making them eligible for consideration on the floor of the House of Representatives.
The High-Capacity Grid Act, led by U.S. Representative Julie Fedorchak (R-N.D.) and endorsed earlier this year by TechNet, would require new builds and upgrades of electric transmission infrastructure to incorporate the best-available conductors — a key step to modernize America’s outdated electric grid and increase transmission capacity. The Ratepayer Protection Act, led by U.S. Representatives Gabe Evans (R-CO) and Kathy Castor (D-FL), would require data center operators to cover the cost of electricity and transmission upgrades to ensure nearby residents do not face higher energy costs.
“Our aging power grid is straining under rising electricity demand, resulting in higher costs for consumers and businesses alike while threatening our economic progress. Spurring the deployment of advanced transmission conductors is a cost-effective and efficient way to upgrade our electricity infrastructure to meet our energy needs for the 21st century, which is why we are pleased to see the growing momentum behind Representative Fedorchak’s High-Capacity Grid Act,” said Moore. “We urge House leaders to keep this bill moving forward to build a more resilient electric grid, lower energy costs, and power America’s competitive advantage in the global economy.”
“TechNet members that are building the technology infrastructure to power essential digital services are leading by example with responsible development, and delivering real benefits to the communities where their facilities are located. As these companies continue to invest in new electricity generation, transmission upgrades, and other sustainability initiatives, the Ratepayer Protection Act seeks to advance sensible practices that are increasingly becoming the industry standard,” continued Moore.