ROUND UP: Trump’s Economy Leaves Americans with Higher Utility Bills and Fewer Jobs
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New report from Climate Power shows that Trump and Republicans have canceled enough projects to power nearly 15 million homes
Washington, DC — Donald Trump promised to slash electricity prices in half and bring back American manufacturing, but instead, his reckless energy policies have sent jobs to China and spiked utility bills by as much as 13%. In recent weeks, customers in four states have faced rate hikes as high as $11 per month.
A new report from Climate Power shows that 365 projects have been canceled or stalled since Trump took office, resulting in nearly 180,000 clean energy jobs being put on the chopping block, leaving Americans vulnerable to global energy shocks. That vulnerability has been on full display as Trump’s war in Iran spikes the price of oil and gas to multi-year highs, sending inflation skyrocketing. Meanwhile, renewables overtook natural gas on the US electric grid for the first time ever, making it abundantly clear that despite Donald Trump’s best efforts, clean energy is the future.
Iowa
- The Webster City Council passed a third reading of a proposal to increase electricity rates by 5%, effective April 1, 2026; 4% effective January 1, 2027; and 2% effective July 1, 2027.
Maryland
- The Maryland Public Service Commission is holding virtual public hearings as PEPCO seeks approval for a 23% electricity rate increase, which was expected to add about $11 per month to customer bills.
Michigan
- One week after being approved for its largest rate hike in more than 20 years, Consumers Energy announced it would file its next electric rate hike request on or after June 2, 2026.
South Carolina
- Piedmont Natural Gas is seeking a 6% rate hike effective October 1, 2026, that was projected to increase average monthly bills by $7.67, or $92 per year.