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Chris Wright: “California, New York, Massachusetts, Maryland produce less…”

Featuring: Chris Wright, Republican | Secretary of Energy | National

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Goldman Sachs MD Neil Mehta speaks to Energy Sec. Chris Wright at energy conference — 1/7/2026

Published | Video Starts at 25:14

All the other states that have had flat or way below inflation, they have growing production of electricity. And the champions on the other end, California, New York, Massachusetts, Maryland produce less electricity today than five years ago and have skyrocketing prices. years ago. So demand growth is actually the way to drive down the price. Because one quick thing on the electricity grid, because I have politicians are telling me all the time like why are you getting rid of these subsidies? (25:14–25:27)

CLAIM

Asserts that these states have reduced electricity production and experienced significant price increases.

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