{"id":137231,"date":"2026-03-13T10:34:08","date_gmt":"2026-03-13T10:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/137231\/"},"modified":"2026-03-13T10:34:08","modified_gmt":"2026-03-13T10:34:08","slug":"philadelphia-area-electric-utilities-take-up-to-20-in-profits","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/137231\/","title":{"rendered":"Philadelphia-area electric utilities take up to 20% in profits"},"content":{"rendered":"<p>Some area utilities are below average, with Delmarva customers paying 11.4%, or $22.72 toward company profits for an average $200 bill. Atlantic City Electric customers pay 10.9%, while Jersey Central Power &amp; Light customers pay 10.8% of their monthly bill toward profits.\n<\/p>\n<p>The Energy and Policy Institute report, <a href=\"https:\/\/energyandpolicy.org\/utility-profit-report\/\" rel=\"nofollow noopener\" target=\"_blank\">\u201cPaying for Their Profits,\u201d<\/a> looked at financial data from 110 investor-owned electric utilities across the country between 2021 and 2024. For 2025, the institute was only able to access information for 79 companies. For profits, the report refers to net income, which is the company\u2019s bottom line after all operating costs, interest payments and taxes are subtracted from total revenue. The customer share of profits is calculated by dividing net income by annual operating revenue.\n<\/p>\n<p>\u201cElectricity bills are rising substantially,\u201d said Daniel Tait, the institute\u2019s communications director and one of the authors of the report. \u201cWhen utilities or politicians are explaining why, they often point to things like fuel costs and infrastructure investment and things like extreme weather and those things are real. But there\u2019s another really important factor that needs to be examined in a serious and systemic way and that is how much of your bill is going to profits for investors.\u201d\n<\/p>\n<p>But an industry group that represents investor-owned utilities called the report \u201cmisleading.\u201d\n  <\/p>\n<p>\u201cThis is just the latest example of EPI making up alternative definitions that serve the interest of their dark-money benefactors,\u201d wrote Dani Marx, a spokesperson for the <a href=\"https:\/\/www.eei.org\/\" rel=\"nofollow noopener\" target=\"_blank\">Edison Electric Institute<\/a>. \u201cThere are standard calculations for evaluating regulated utility profits that appropriately recognize that most of a customer\u2019s bill reflects pass-through costs of service, but EPI instead took a simple but analytically weak and insufficient approach to intentionally mislead readers into believing that a high percentage of customer bills goes toward profits.\u201d\n<\/p>\n<p>The Energy and Policy Institute\u2019s Daniel Tait defended the methodology as \u201csimple, transparent and easily replicable.\u201d\n<\/p>\n<p>Tait said if the pass-through costs of service were removed, profit margins would appear higher.\n        <\/p>\n","protected":false},"excerpt":{"rendered":"Some area utilities are below average, with Delmarva customers paying 11.4%, or $22.72 toward company profits for an&hellip;\n","protected":false},"author":2,"featured_media":137232,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[63194,7753,12560,69,71,70,63195,6482,10209],"class_list":{"0":"post-137231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-philadelphia","8":"tag-delmarva","9":"tag-electricity","10":"tag-peco","11":"tag-philadelphia","12":"tag-philadelphia-headlines","13":"tag-philadelphia-news","14":"tag-pseg","15":"tag-utilities","16":"tag-utility-bills"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/137231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=137231"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/137231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/137232"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=137231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=137231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=137231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}