Utility Dive•about 1 month ago
Utilities have made $200B+ in profit since 2021, new report says
Key Takeaway
A new report alleging utilities are exceeding allowed profits could trigger regulatory reviews, potentially impacting future electricity rates and grid investment strategies for large consumers and developers.
AI Summary
- •Investor-owned utilities reportedly generated over $200 billion in profits since 2021, according to a new report.
- •The report claims these profits exceed the utilities' allowed returns on equity, a methodology criticized by the utilities themselves.
- •This situation signals potential for increased regulatory scrutiny on utility rate cases and profit structures, which could influence future power costs and grid investment incentives for large consumers and developers.
Topics
financingpolicy