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Can a carbon price lower power bills? Virginia is betting yes.

Grist·Jake Bittle·about 1 month ago
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Abigail Spanberger won a landslide victory in the Virginia governor’s race last November with a platform that focused on reining in rising electricity costs . Virginia is home to the world’s largest concentration of artificial-intelligence data centers, and the state’s biggest utility is straining to meet an expected surge in power demand. Spanberger, a Democrat, promised on the campaign trail to “make Virginians’ bills more affordable.” It might seem surprising, then, that the new governor signed a bill last month that would return Virginia to the Regional Greenhouse Gas Initiative, or RGGI, a carbon pricing program that covers electrical utilities in states across the Northeast and mid-Atlantic. Spanberger’s Republican predecessor, Glenn Youngkin, pulled out of the program in 2022.…

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