NY Governor Kathy Hochul on Her One Year Data Center Moratorium
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What is the main topic discussed in this episode?
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
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Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal.
And I'm Tracy Alloway.
So Tracy, big news in New York State today. We know there's been a lot of AI politics, a lot of data center backlash. I wasn't really expecting it, but New York State becoming the first state to institute a formal data center moratorium, at least for one year.
Yeah. So this is really interesting. Governor Kathy Hochul just announced this and it comes hot on the heels of there was another attempt in Maine to do something similar, but that ultimately got vetoed by the governor there. So it's really interesting that New York is, I guess, like stepping up and maybe trying to create a template for other states to do this.
Yeah. And it's interesting because like the one question is, does this become a ban?
Right.
Because we know there are a lot of people that would just like to see like anti data center politics is very popular. On the other hand, you know, it's interesting. I saw a story recently. I saw a headline recently, you know, in some states there are still tax breaks, like they're trying to invite data center companies.
New York still has tax breaks, too.
And so, yeah. And so it's interesting because we see all these stories about like, oh, there's a compute scarcity, et cetera. And yet evidently there's still this competition. But basically data center politics are like really in flux.
Absolutely.
Also one of the rare areas of bipartisan agreement nowadays, it seems. No one really knows, like, no one knows whether their AI is going to be good or not, right? Like, will this be a great thing for the world or will this disrupt the world in ways that we can't possibly fathom? And, you know.
But also, if you agree that AI is going to be important in some way in the future, then it seems reasonable to want to design like some sort of framework for how data centers should actually get built out. I imagine different states, different cities, different municipalities will have different ideas for exactly how to do that. But it's interesting to see people start to grapple with those requirements. So, you know, do you have to have a closed loop system for water? Does the company have your own power? Right. Exactly. Like what are these requirements? What's the optimal data center going to look like in the future?
Totally. Well, there are a lot of big questions that this touches on. Big, like just sort of in the macro sense, like what are we building? What is the government's attitude towards building things, period? I'm very excited to say we literally have the perfect guest. Governor Hochul, thank you so much for coming on OVLOT.
Delighted to join both of you.
All right, so the big news came out this morning, a one-year moratorium on big new data centers in New York State. Why now? What was the catalyst for this particular decision today?
Well, there's been really what I call flood the zone. There's been a lot of companies that may have been contemplating putting in plans for data centers, massive data centers around the country, but all of a sudden it seemed like there's been a surge. And I have to respond to that. My main challenge is in the state of New York, making sure we keep the lights on and making sure that people can afford to keep the lights on. And so the challenges that I have to deal with in this environment where everything we want to do for clean energy, renewable energy, or my all the above approach are under attack from Washington. So I have to make sure I'm managing our resources. So when you have a huge company that wants to come in, even on the street,
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–16:22
2
Why did Governor Kathy Hochul announce a one-year moratorium on large data centers now?
16:22–18:02
3
What energy and grid capacity concerns does New York face with new data center projects?
18:02–22:50
4
How will the moratorium create a community investment framework for localities?
22:50–25:30
5
Is the moratorium intended as a ban or a pause to set clear rules for businesses?
25:30–36:30
6
How does Governor Hochul reconcile embracing AI while limiting data center growth?
36:30–44:17
Speakers
9 identifiedMore from Odd Lots
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