Category: Utilities
Alabama Power earned $1+ billion in profits over industry average on the backs of customers since 2014
The profits on top of industry average, and allowed by the Alabama Public Service Commission, total to just over $700 per Alabama Power customer account over the years 2014-2018.
Georgia Power Set to Automatically Enroll New Residences in Demand Charge Rates
Georgia Power will begin levying demand charges on new residential premises starting in January 2021. The new rate schedule, approved by the Georgia Public Service Commission (PSC) in December 2019,...
Michigan’s new PSC members will decide whether DTE electric customers should pay for some NEXUS gas pipeline costs
“DTE ratepayers should not be burdened with the unreasonable and unlawful costs resulting from DTE’s bad deal with its affiliate NEXUS” - Michigan Environmental Council
TVA Cuts “Flexibility” Promises to Local Power Companies by 80%, Enters Into Questionable Contracts
Key Points: The Tennessee Valley Authority promised its local distribution utilities the ability to self-generate up to 5% of their own electricity, what it termed “flexibility”, as an incentive to...
Southern Company Pledges Net Zero Emissions by 2050 but Doubles Down on Fossil Fuels
Southern Company unveiled an updated “net-zero” carbon goal yesterday at its Annual Meeting which relies heavily on negative emissions to enable continued investment in fossil fuels such as coal and...
Major banks announce new policies to help push utilities away from coal
Key Points: Major financial institutions have announced new policies that limit how they do business with companies that remain reliant on coal. Leading financial institutions’ coal exclusion policies assess electric...
North Carolina utilities not reconnecting customers during COVID-19 pandemic
Thousands remain without electricity, gas, or water during crisis
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...
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.
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,...