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Power Profits Under Scrutiny: Report Reveals Utilities Raked in Over $200 Billion Since 2021

A new analysis by the Energy and Policy Institute finds investor-owned electric utilities have collectively earned more than $200 billion in net income since 2021, with profit margins for some far exceeding industry averages. The report's methodology, which measures net income against operating revenue, has drawn criticism from utility representatives who defend their earnings as necessary for infrastructure investment.