Top US Utility Providers Cut Power to Nearly One Million Homes Despite Receiving Huge COVID Tax Bailouts: Report
October 6, 2021
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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... (https://media.gab.com/system/media_attachments/files/077/845/297/small/b7624b16971dc1f0.png)
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)
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