Utilities: Increasing Transparency to Reduce Scrutiny
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- May 15, 2021 4:45 am GMTMay 15, 2021 4:39 am GMT
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The recent demand for transparency may be linked to increased scrutiny of utility business operations. The Federal Energy Regulatory Commission (FERC) told Duke Energy, Southern Company, Dominion Energy and other utilities in the region to revise a recent proposal. FERC has asked them for greater transparency on how the plan would work and how it will improve energy transactions in the Southeast. California’s Public Advocates Office is also taking a closer look at the expenditures of Southern California Gas Co., the country’s largest gas utility. Complaints were made that in addition to fuel costs, customers pay for repairs to old power plants, construction of electric wires and gas pipes, subsidies for energy-saving lightbulbs, discounts for low-income households and shareholder profit margins of about 10%. Earlier this month, Southern Company Gas launched its first-ever corporate sustainability magazine in an effort to increase transparency and share company goals. Upcoming issues of the magazine will cover sustainability initiatives and reach stakeholders more frequently than previous reports.