Category: Utilities

North Carolina utilities not reconnecting customers during COVID-19 pandemic

Thousands remain without electricity, gas, or water during crisis

/ May 12, 2020

Duke Energy Climate Report charts fossil fuel-laden path to net-zero, lagging behind peers

Key Points: Duke Energy released a new climate report describing potential pathways to achieve net-zero carbon emissions by 2050. Its main scenario relies heavily on fossil gas expansion, offsets, and...

/ May 5, 2020

Southern Company’s Lobbying Disclosures Obscure State-Level Information from Investors, Public

CEO Fanning gets credit toward bonus for coal closures after opposing federal regulations.

/ April 30, 2020

After its $2.65 billion gas asset acquisition, DTE Energy tells Wall Street there is nothing to worry about as Fitch downgrades the company

With an already troubled gas sector roiled by fallout from the coronavirus pandemic, DTE Energy is facing concerns from shareholders over the company’s growing exposure to natural gas.  DTE Midstream,...

/ April 28, 2020
Utility Executive Compensation

Utility CEOs received over $1 billion in executive compensation from 2017 – 2019

Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.

/ April 27, 2020
Utility Executive Compensation

Executive Compensation

Utility Executive Compensation As the first part of a two-part series exploring how the investor-owned electric utilities pay their executives, EPI collected data showing the executive compensation for 41 utility...

/ April 27, 2020

American Electric Power’s goal: 100% renewable energy?

Executives at American Electric Power say the major electric utility has “aspirational” goals of achieving 100% renewable energy and zero carbon emissions, but its current plans for the future include...

/ April 17, 2020
Southern Company CEO Tom Fanning on CNBC

Tom Fanning Floats Misleading Updated Greenhouse Gas Goal

The updated greenhouse gas goal, as described by Fanning, would allow Southern Company to claim “net-zero” emissions by taking credit for transportation electrification, despite the company’s continued use of fossil...

/ April 16, 2020

Energy Harbor reveals money, risks involved in Ohio bailout

Financial documents from Energy Harbor reveal new details about FirstEnergy Corp.’s involvement in the multi-million dollar political campaign behind Ohio’s law forcing consumers to bail out struggling coal and nuclear...

/ March 26, 2020