AI Giants Should 'Pay Their Fair Share,' Says Adam Schiff As He Pushes New Energy Bill Amid Rising Power Costs

On Monday, Sen. Adam Schiff (D-Calif.) introduced legislation aimed at making major artificial intelligence companies pay a larger share of energy costs as electricity demand from AI systems grows. AI Energy Bill Targets Tech Giants In a post on X, Schiff said, "It's time the companies driving the AI revolution take accountability for their energy usage." He added that he is introducing the Energy Cost Fairness and Reliability Act to "protect Americans from rising energy costs" and ensure private companies "pay their fair share for the energy they consume." It's time the companies driving the AI revolution take accountability for their energy usage.I'm introducing the Energy Cost Fairness and Reliability Act to protect Americans from rising energy costs and to ensure that private companies pay their fair share for the energy they… pic.twitter.com/7CbjeBJVMt— Adam Schiff (@SenAdamSchiff) May 18, 2026 Read Also: The AI Power Infrastructure Trade Has Never Been Stronger, But One Space Race Could Change That AI Data Centers Fuel Energy Cost Debate U.S. lawmakers and industry forecasts have raised concerns that the rapid expansion of AI data centers is driving up electricity demand and potentially increasing costs for households. Last week, Sen. Elizabeth Warren (D-Mass.) said a single AI data center can use as much electricity as 100,000 homes, arguing that utility companies were shifting infrastructure costs onto consumers instead of major tech firms. She called for stronger accountability from trillion-dollar companies. Earlier this month, Goldman Sachs projected that global data center electricity consumption could rise 220% from 2023 levels, reaching 1,350 terawatt-hours by 2030, driven by AI infrastructure growth and more power-intensive computing systems. In March, the Trump administration announced a voluntary "ratepayer protection pledge" with companies including Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), Oracle Corp. (NYSE:ORCL), Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Meta Platforms Inc. (NASDAQ:META), ChatGPT-parent OpenAI and Elon Musk’s xAI. Under the agreement, firms committed to covering their own electricity generation needs and related grid infrastructure costs, with a separate rate structure envisioned for tech companies. President Donald Trump said the initiative would help reduce electricity costs for consumers. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: Amazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI's 'Ambitious' Spending Photo courtesy: Golden Dayz / Shutterstock