Top US Utility Co's Cut Power To One Million Homes Despite Huge Biden Bailouts

[G.L.R.]

Top US Utility Providers Cut Power to Nearly One Million Homes Despite Receiving Huge COVID Tax Bailouts: Report

October 6, 2021


 
Some of the top utility providers in the United States cut off power  to customers across the nation despite receiving tax bailouts through  the Coronavirus Aid, Relief, and Economic Security Act

  In September, The Center for Biological Diversity's Energy Justice  Program and BailoutWatch released its "Powerless in the Pandemic" report  which found that the nation's top utilities received a collective $1.25  billion from last year's administration bailouts, allowing them to  grant customers temporary relief. Under the $2.2 trillion economic stimulus bill passed by Congress on  March 25, 2020, and signed into law on March 27, 2020, businesses in the  energy sector were able to get hefty tax bailouts if they were at risk  of taking an economic hit as a result of the pandemic.  But instead, the top utility providers continued to shut off  families' electric services almost a million times... Sixteen of the providers suspended or canceled electric services to  almost one million households between...   leaving people without access to hot water and other utilities, and  forcing some to vacate their home altogether...

This reminds me of the Obama era bailouts to banks and Wall Street speculators

Nine companies received tax bailouts amounting to $1.25 billion, of which 8.5 percent could have been used to prevent every shutoff reported. Together, Duke Energy and DTE Energy received a combined total of  $845 million in government bailouts... 203,000 times, despite their tax bailout providing them with enough  funding to allow customers to forgo utility bill payments more than 150  times. The worst offenders were NextEra Energy, parent of Florida Power  & Light, Duke Energy, Southern Company, Dominion Energy, Exelon, and  DTE Energy... According to The Center for Biological Diversity, the money these  utility services spent paying executives and increasing shareholder  dividends could have afforded them instead to bail out their customers  over 500 times... Read more ... 

Top US Utility Providers Cut Power to Nearly One Million Homes Despite Receiving Huge COVID Tax Bailouts: Report
https://www.theepochtimes.com/mkt_morningbrief/top-us-utility-providers-cut-power-to-nearly-one-million-homes-despite-receiving-huge-covid-tax-bailouts-report_4034646.html