WEBVTT

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It's Benzinga bringing Wall Street to Main Street

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Maine lawmakers advanced a bill to freeze new
large data center construction until November

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2027 as officials assess impacts on the environment
and electricity grid, according to the Wall

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Street Journal. The restriction applies to projects of at least 20 megawatts. The measure
passed the statehouse and is expected to pass the Senate with support from Governor

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Janet Mills. Lawmakers cited high residential
electricity prices and concerns that rising data center

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demand could increase costs. Similar policies are emerging in other
states, while local opposition has already delayed projects in Maine

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Developers warned that restrictions could limit site
selection as political and community resistance grow

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For all things money, visit Benzinga.com