EXCLUSIVE — The CEO of one of the largest utility companies in the United States said that the rapid build-out of artificial intelligence data centers will not increase electricity bills, a possibility that has scared voters ahead of the November midterm elections.

Duke Energy CEO and President Harry Sideris told the Washington Examiner that he believes data centers will instead provide cost savings, rather than push bills higher.

Recommended Stories

Regulators order overhaul of transmission rules to support AI and data center boom

Price shock: Demand from data center boom raises electricity bills

Energy costs and electricity prices continue to soar for the year in September