Latest news with #electriccompanies
Bloomberg
10-07-2025
- Business
- Bloomberg
Electric Bills in US Set to Rise as Utility Requests for Rate Hikes Double
US electric companies have asked for $29 billion in rate increases so far this year, more than double their requests for the first half of 2024, according to a new report from energy affordability advocacy group PowerLines. The rise is driven by the costs of replacing aging infrastructure and powering data centers for AI.
E&E News
25-06-2025
- Business
- E&E News
Edison Electric Institute lays off workers
The Edison Electric Institute laid off a number of employees Tuesday ahead of its new CEO taking charge. The organization that represents investor-owned electric utilities confirmed it has 'restructured' its operations. 'This is a pivotal moment for our industry and for our member electric companies. We have strategically restructured our team to position EEI for the future and to ensure that we can continue meeting the evolving needs of our customers,' said spokesperson Brian Reil. Advertisement Reil declined to say the number of people who were laid off or how many employees the group has.
