Electricity costs expected to hit record this summer, new analysis finds
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
- 21H ago
![]() |
VOOZH | about |
Watch CBS News
A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
U.S. utility companies are planning to invest $1.4 trillion over the next five years to help strengthen the nation's power grid, according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines. CBS News MoneyWatch reporter Megan Cerullo has more details.
A majority of investor-owned utilities surveyed by PowerLines said data centers are a top driver of capital spending.
Millions of Americans are facing higher utility bills after regulators approved a series of rate hikes. CBS News correspondent Ian Lee reports.
Over 50 million Americans will face higher utility costs as a result of rate hikes approved in 2025, according to PowerLines.
Many Americans face soaring costs to heat their homes this winter. Here are some ways to lower your monthly utility bill.
Cold weather spikes often mean higher energy bills. Ash-har Quraishi has tips on how people can "energy audit" their own homes and lower the cost of their monthly heating bills.
Recent CBS News polling shows Americans have a bleak view of the state of the economy. CBS News correspondent Lana Zak has firsthand insight into how Americans are dealing with economic pressures this holiday season.
Past-due balances are becoming a reality for many U.S. households as they struggle to keep up with costlier utility bills.
Two seats on the Georgia Public Service Commission, which regulates electricity rates and new power plant projects, are up for grabs for the first time in five years. CBS News correspondent Skyler Henry reports from Atlanta.
Demand for artificial intelligence and other products means massive data centers are growing in different parts of the U.S. In areas near those centers, a new analysis from Bloomberg News found wholesale electricity costs more than doubled over the past 5 years. Leonardo Nicoletti, investigative data reporter for Bloomberg News, joins CBS News to discuss.
Americans will pay 7.6% more to heat their homes this winter, study finds.
Energy suppliers are having trouble keeping up with the rapid increase in demand, and consumers in some states are seeing higher monthly bills.
President Trump's budget proposal for the 2026 fiscal year would eliminate the Low Income Home Energy Assistance Program, which serves more than six million Americans.
Florida Power & Light is proposing a nearly $10 billion rate hike for electricity over the next four years.
Experts share tips on how to reduce your electricity bill.
Home electricity bills are expected to reach record high levels this summer as Americans try to stay cool, according to a new report from the National Energy Assistance Directors Association. CBS News MoneyWatch reporter Megan Cerullo has more.
The next president could have a big impact on climate change policies. Here are 11 ways the issue could impact your health, bills, natural disaster recovery and more.
U.S. energy infrastructure has proven to be problematic as-is, and threats to its reliability are growing. Experts say there's a solution.
More Americans are having to choose between food and energy bills as the price of electricity rises. The cost is based on many factors, but one stands out from the rest β and is likely only going to make matters more complicated and expensive.
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
The Senate is moving forward with Jay Clayton's confirmation hearing on Wednesday, despite President Trump's move to delay the installation of the new intelligence chief.
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
As standard practice, the military makes public identifications 24 hours after next of kin have been notified.
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
Tropical Storm Arthur, the first named storm of the 2026 Atlantic hurricane season, formed Wednesday off the Gulf Coast of Texas.
In an exclusive interview with CBS News, retired Justice Arthur Engoron reflected on the highs and lows of the 2023 Trump civil fraud trial.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Rex Heuermann was sentenced to life in prison without the possibility of parole for the series of murders known as the Gilgo Beach serial killings.
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
After more than a decade since it was announced, the Obama Presidential Center and Library officially opens to the public in Chicago's Jackson Park on June 19, 2026.
Acting Attorney General Todd Blanche appointed Alessandra Serano to serve as the Justice Department's national coordinator on human trafficking and child exploitation cases.
As standard practice, the military makes public identifications 24 hours after next of kin have been notified.
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
Kevin Warsh's first Fed meeting as chairman of the central bank could offer clues about the path for interest rates this year.
Social Security checks could see a 22% cut in 2032 unless Congress takes steps to shore up the program. Here are 5 ideas for fixing it.
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The sale will split ownership of the pizza chain between a U.S.-based private equity firm and a Chinese restaurant company.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
After more than a decade since it was announced, the Obama Presidential Center and Library officially opens to the public in Chicago's Jackson Park on June 19, 2026.
Acting Attorney General Todd Blanche appointed Alessandra Serano to serve as the Justice Department's national coordinator on human trafficking and child exploitation cases.
Georgia House leadership say they are holding off on redrawing Georgia's legislative mapsβ during the special legislative session.
The Senate canceled Jay Clayton's confirmation hearing on Wednesday after President Trump's move to delay the installation of the new intelligence chief.
A WHO official tells CBS News Ebola is still spreading in Congo after a month, as experts race to contain the outbreak in Central Africa.
Dr. Peter Stafford, his wife, Rebekah Stafford, and their four children all arrived safely on Monday, according to Serge, a Pennsylvania-based Christian missions organization.
After congressional Republicans let expanded subsidies for Affordable Care Act plans expire at the end of last year, some families have decided the price is too great of a financial burden and canceled their coverage.
The affected formula was sold at Target and at Nara.com, according to the Food and Drug Administration.
Hosted by Jane Pauley. Featured: The lack of obesity in Japan; Vice President JD Vance and second lady Usha Vance; former child star Bill Mumy; the past and future of the Houston Astrodome; a time capsule for America's 500th birthday; and soccer art made with gum wrappers.
The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products.
Ukraine intelligence indicates the country's stepped up drone strikes are forcing Russia to burn through interceptor missiles, possibly faster than it can build new ones.
Vice President JD Vance said on "CBS Monrings" that the Trump administration wants "to tell the American people what's in this deal."
President Trump warns he could order new strikes if Iran's leaders "don't behave," two days before the expected signing of a deal that remains vaguely defined.
Critics have questioned the overall legality of the boat strikes as well as their effectiveness since the U.S. military began them in September 2025.
Durand Bernarr talks about collaborations in his music, why his new album's title is a tribute to his father and his music journey since his viral Grammy speech earlier this year.
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
Chris Stapleton and The Smashing Pumpkins are set to headline America250's "America's Block Party Concert," with Queen Latifah set to host. Rosie Rios, the chair of America250, joins CBS News 24/7 with more.
Harlan Coben talks about casting for the Netflix adaptation of his 2023 bestselling novel "I Will Find You." The series stars Sam Worthington, who describes how fatherhood impacted him in his role and how he sees his character.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
AI is slashing the cost of starting and running a business. "Everything has decreased in cost and increased in speed," one entrepreneur said.
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Anthropic's senior staff is planning to meet with White House officials amid a recent dispute over the company's safety measures. Maria Curi, a tech reporter for Axios, has more.
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
The Defense Department released a third batch of UFO files on Friday, three weeks after its second drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
The goblin shark had only previously been seen when caught by fishermen and they died shortly afterward.
The researchers saw many strange animals β many believed to be new to science β living off the whale carcasses.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
Rex Huermann, the man who pleaded guilty to a series of murders known as the Gilgo Beach serial killings, has been sentenced to life in prison without the possibility of parole. CBS News' Shanelle Kaul reports.
The FBI says it foiled a plot to attack Sunday's UFC event at the White House. Court records detail an alleged plot to use drones carrying explosives and snipers to target certain event attendees. CBS News' Katrina Kaufman has the latest.
Rex Heuermann, the man who pleaded guilty in April to the Gilgo Beach murders, is set to be sentenced on Wednesday. Tom Hanson reports on how the case unfolded.
Luigi Mangione's lawyers will argue that he was suffering from an extreme emotional disturbance when he allegedly killed UnitedHealthcare CEO Brian Thompson.
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The Senate Intelligence Committee on Wednesday postponed Jay Clayton's confirmation hearing for director of national intelligence after President Trump said in a social media post he wouldn't appear. In the announcement, Mr. Trump made multiple demands to Congress. CBS News' Taurean Small has more.
The Federal Reserve board voted Wednesday to leave interest rates unchanged in its first decision since Kevin Warsh took over as chair. CBS News' Kelly O'Grady has more.
President Trump met with Indian Prime Minister Narendra Modi at the G7 summit, and emphasized that the two had a "very good" conversation despite past tensions between the two nations. CBS News' Ed O'Keefe has more context.
Rex Heuermann was sentenced to life in prison without parole Wednesday after pleading guilty to a series of murders known as the Gilgo Beach serial killings. Heuermann spoke at the hearing where the sentence was handed down. CBS News' Shanelle Kaul reports.
President Trump said the Strait of Hormuz will reopen within "the next day or two." Semafor climate & energy editor Tim McDonnell explains why global energy trade will never be the same, even when the strait reopens.