"This legislation represents a piecemeal approach to a problem which requires deliberate and thoughtful consideration .... [It] could lead to 'cream-skimming,' which would result in increased...
Will deregulation spell the end of utility philanthropy? Not necessarily so, according to a new study
of charitable giving at 11 investor-owned electric utilities from across the country.
Of those companies surveyed, one pegged its charitable contributions budget as a percent of revenue. Some indicated that they
followed the "utility average" of giving 0.5 percent of income before taxes. (The national average for all companies is 0.9 percent.) Four utilities reported donations at or above that figure. The most generous company gave 1.44 percent of pretax income; the lowest,
0.2 percent. t
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