Category: Utilities
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,...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
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...
As DTE and Consumers Energy Appear to Ignore Industry Suspension Pledge, Michigan PSC Opens Coronavirus Docket and Orders Utilities To Report Current Disconnect Data
Latest available data shows customers possibly without service
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...