Tag: Southern Company
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...
Two Controversial Virginia Gas Plants Face Increasing Uncertainty, Documents Show
Two planned gas-fired power plants in Virginia are facing growing difficulties caused in part by the economic fallout of the coronavirus pandemic, according to recent documents filed by the plants’...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
Caught in patchwork of policies and pledges, some utility customers may still be awaiting electricity restoration or racking up fees
A mosaic of state policies and voluntary pledges has meant that the effects of missing a utility payment are playing out unevenly across the country.
Energy companies in U.S. Chamber silent as Chamber opposed use of Defense Production Act to produce medical supplies for COVID-19
But some energy companies in the Chamber have lobbied for using the DPA to bail out struggling coal plants instead
Morgan Stanley: Duke, other utilities ignoring profit opportunity by failing to decarbonize rapidly
Morgan Stanley analysts say utilities can grow earnings by accelerating coal-to-renewables switch, but some utilities are letting the opportunity slip away.
Strings Attached: How utilities use charitable giving to influence politics and increase investor profits
Click to jump to the utility case studies. I. Introduction In the fall of 2017, a parade of paid actors, pretending to be concerned residents, lined up to offer public...
Strings Attached: How utilities use charitable giving to influence politics and increase investor profits
Download full report Southern Company Southern Company is a utility company that serves 4.68 million electric customers and 4.248 million gas customers across Alabama, Georgia, Mississippi, Tennessee, Virginia, and Illinois....
Report details utilities’ use of charitable giving to influence politics
Utilities' charitable giving a massive part of their political operations, used to manipulate support from low-income communities and communities of color.
Coal lobby group drafted state utility commissioners’ letters to FERC
Emails show that the American Coalition for Clean Coal Electricity provided utility commissioners with a template letter to FERC - which some commissioners copied word-for-word