Off Peak

Fortnightly Magazine - May 1 1996
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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.

Recharge the Economy with Renewable Energy Tax Credits

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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This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.