RE: 11 utility giants paid negative federal tax rates

                                                                                 

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Our new report found that Latino households are nearly twice as likely as white households to experience energy insecurity, while CEOs at 21 publicly traded utilities took home nearly $1 billion from 2023 through 2025. Eleven of those companies paid a negative federal tax rate in 2025, while the companies collectively spent nearly $94 billion on dividends and stock buybacks.1 Those numbers belong in newspaper stories, television segments, radio interviews, and digital coverage across the country. And because Latino families are being hit especially hard by rising utility costs, getting this research into Spanish-language media is particularly important. That means pitching reporters, developing the strongest stories from our research, helping journalists understand the tax data, reaching Spanish-language outlets, and pushing back when wealthy corporations try to obscure what the numbers show. Can you donate today to help us get this report in front of more journalists, more communities, and more lawmakers? Corporate utilities have teams of lobbyists and public relations professionals working to protect their tax breaks and defend the status quo. We need the resources to make sure working families hear the other side of the story. Every story that reaches a new audience creates another opportunity to expose this backwards system. Every Spanish-language outlet that reports these findings helps reach families whose experiences with rising energy costs have too often been left out of the national economic debate. This is how research becomes pressure. We uncover the numbers. We get them into the public conversation. Then we organize around them to demand that Congress stop handing tax breaks to the rich and make large, profitable corporations pay their fair share. Please donate now to help us expand the reach of this report and keep exposing the corporations and wealthy executives profiting while working families struggle with rising costs. If you've saved your payment information with ActBlue Express, your secure donation will go through immediately: Thank you for helping us get the truth in front of the people who need to see it. Pablo Willis Communications Director Americans for Tax Fairness Action Fund 1 Utility Costs & Corporate Accountability: Who Pays, Who Profits (Americans For Tax Fairness -- David's email -- Families are opening their utility bills and wondering what else they can possibly cut. At the same time, the executives running some of America’s biggest utility companies are cashing checks worth tens of millions of dollars. Our new report with Climate En Acción exposes exactly who is paying and who is profiting from America’s energy affordability crisis.1 Across the 12 states we examined, residential electricity prices have increased between 3% and 30% since January 2025. Latino households are nearly twice as likely as white households to experience energy insecurity and spend about 20% more of their income on utilities. In North Carolina, residential electricity prices jumped 29.9%. New Jersey experienced a 22.2% year-over-year increase in average monthly electric bills. Now look at what is happening at the top. CEOs at 21 publicly traded utility companies took home nearly $1 billion from 2023 through 2025, including an estimated $26.4 million tied to the 2017 Trump tax cuts. Eleven of those companies paid a negative federal tax rate in 2025. And those companies still found enormous sums for wealthy shareholders. From 2023 through 2025, they spent nearly $94 billion on dividends and stock buybacks. Families are being squeezed just to keep the lights on while corporate executives and wealthy investors keep benefiting from a tax system tilted in their favor. This is exactly the kind of corporate greed and tax unfairness Americans for Tax Fairness Action Fund exists to expose. Donate now to help us get this research in front of the public, the press—including Spanish-language press—and lawmakers across the country. Numbers like these do not expose themselves. Our team digs through corporate filings and tax data, connects those findings to what working families are experiencing, and turns that research into a case Congress and the media cannot easily ignore. And this report makes the stakes painfully clear. Congress has spent years handing tax breaks to wealthy executives and large, profitable corporations. Those giveaways come at the same time families are struggling with electricity, groceries, healthcare, housing, and other basic costs. The people who can least afford another increase keep getting asked to pay more. We are fighting for different priorities. Large, profitable corporations should pay their fair share in taxes. Wealthy executives do not need another tax break. That revenue should be invested in making life more affordable and strengthening the communities being squeezed hardest by rising costs. But corporate lobbyists have enormous resources to defend this system. Our strength comes from people like you helping us produce the research, organize grassroots pressure, and make sure findings like these break through the noise. Please make a donation today to power our research, media outreach, and advocacy exposing corporate tax giveaways and fighting for an economy where working families come before wealthy executives and shareholders. If you've saved your payment information with ActBlue Express, your secure donation will go through immediately: Together, we can expose who is profiting from our rigged tax system and fight to make wealthy corporations pay their fair share. David Kass Executive Director Americans for Tax Fairness Action Fund 1 Utility Costs & Corporate Accountability: Who Pays, Who Profits

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