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.

/ July 1, 2020

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,...

/ June 24, 2020
DTE Energy set a net-zero carbon goal but continues to invest in gas

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

/ June 3, 2020

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...

/ May 29, 2020
Coal-fired Plant Scherer

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...

/ May 28, 2020

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...

/ May 25, 2020

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