Power Struggle: How Shareholder Primacy in the Electrical Utility Sector is Holding Back an Affordable and Just Energy Transition
Type
Policy Brief or Report
Year
2022
Level
State
State(s)
All States
Policy Areas
Energy, Environment & Natural Resources, Finance & Procurement
This brief explores how investor-owned utilities prioritize the maximization of shareholder value over sustainability and community wellbeing. It finds that investor-owned electricity corporations distribute a significant proportion of their earnings to shareholders, rather than reinvesting in a more resilient, zero-carbon electricity system that would benefit consumers. It also outlines the costs of foregoing green investments, and provides policy solutions to facilitate a just transition to clean and affordable energy.