“These companies took bailout dollars from taxpayers and turned around to lobby against shutoff moratoria proven to save lives.”
By Brett Wilkins, staff writer for Common Dreams. Published 9-30-2021
A new report from BailoutWatch and the Center for Biological Diversity reveals that leading U.S. utilities took $1.25 billion in pandemic relief funds even as they cut off power to vulnerable households nearly a million times. Photo: Matt Wiebe/Flickr/cc
Over a dozen leading U.S. utility companies took more than a billion dollars of publicly-funded pandemic bailout money while pulling the plug on power to vulnerable households nearly a million times, according to a new report out Thursday.
The Center for Biological Diversity and BailoutWatch report—entitled Powerless in the Pandemic: After Bailouts, Electric Utilities Choose Profits Over People—details how utilities used their political power “to secure bailouts that cost taxpayers $1.25 billion, cushioning them from the pandemic economy,” while disconnecting vital services from some of the most vulnerable U.S. households. Continue reading
