Powerless in the Pandemic 2.0:
Electric utilities shut off power 3.6 million times since 2020 while increasing payouts to shareholders.
Series of reports since the COVID-19 pandemic began that track the epidemic of utilities shutting off people’s electric and gas service for nonpayment. At the same time, executive pay and dividends have skyrocketed.
Utilities shut off power to households an estimated 4.2 million times in the first 10 months of 2022. The harm is real and self-evident, as are the solutions. the companies most responsible for utility disconnections tend to be less profitable than their peers but spend more of their cash on executive pay — about $5.9 million per executive per year — and Wall Street dividends.
Electric utilities shut off power 3.6 million times since 2020 while increasing payouts to shareholders.
Electric Utilities Took $1.25 Billion in Pandemic Bailouts While Shutting Off Power to Households Nearly 1 Million Times