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Large Utilities Have Made $14B in Profits as Millions Fall Behind on Payments

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The largest U.S. utility companies made nearly $14 billion profit in 2022 as roughly 1 in 6 households fall behind on skyrocketing energy bills.

The sun sets behind power lines near homes in Los Angeles, California on September 6, 2022.As millions of Americans have fallen behind on utility payments amid skyrocketing energy prices and inflation rates, top U.S. utility companies have made billions of dollars in profits, a new analysis shows., the nine largest U.S.

At the same time, these companies spent over $11 billion on stock buybacks and dividends, showering their shareholders with cash as gas and electricity

 

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Not inflation, greedflation.

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