'Utility companies have chased higher and higher profits and enriched investors rather than keep prices stable for working families.' —accountable_us
that utilities have shut off households' power 440,000 times across 15 states that have made their rates publicly available, a large increase from last year.
"To prey on families who use a necessary service with unreasonable and unjustified rate hikes is corporate greed at its worst," Zelnick added. Southern Company's Georgia subsidiary, for instance,"had a near-12% rate hike approved in June 2022—and in August 2022, its Tennessee subsidiary was granted a rate hike that would result in typical monthly home heating bills rising by about 25%," the analysis notes.in October that"nationwide, investor-owned utilities have requested rate increases amounting to nearly $12 billion from the beginning of the year through the end of August.
Utility firms' greedy behavior throughout the coronavirus pandemic has drawn the attention of progressive lawmakers such as Reps. Cori Bush , Rashida Tlaib , and Jamaal Bowman , who in September
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