Report suggests energy utilities like Xcel are increasing profits even as customer bills surge (www.cpr.org)

submitted 2 months ago* (last edited 2 months ago) by supersquirrel@sopuli.xyz to c/usa@midwest.social

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The Energy and Policy Institute — a utility watchdog group — found that energy companies are earning steadily increasing profits even as their customers’ power bills surge.

The report analyzed financial documents from 110 investor-owned utilities, the for-profit companies that serve most Americans. That includes all of Xcel Energy’s operations in eight states, including Colorado.

https://energyandpolicy.org/utility-profit-report/

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[-] DABDA@lemmy.dbzer0.com 2 points 2 months ago

Thanks :)