Utilities seek $18.6 billion in rate hikes through mid-2024, continuing record pace

U.S. utilities have requested $18.6 billion in rate increases so far this year, adding to $31 billion in requests during 2025, driven by transmission and distribution infrastructure investments.

First covered Jul 14, 2026 · 7:11 AM PT · 2 articles

Utilities seek $18.6 billion in rate hikes through mid-2024, continuing record pace — Image via latitudemedia.com

Coverage

5h Latitude Media Utilities request $18.6 billion in rate hikes so far this year — The total is in addition to the record-breaking $31 billion utilities requested in 2025, a new PowerLines report shows.

11h Utility Dive Utilities requested $9.2B in rate hikes in Q2: PowerLines — Dominion Energy in Virginia is seeking about $1.5 billion in increases across three rate requests, the report said.

Primary sources

powerlines.org Powerlines Ubar Q2 2026 (powerlines.org)

More coverage from around the web

finance.yahoo.com Relief from energy bills unlikely as utilities request billions in rate hikes

powerlines.org Utilities Have Requested $29 Billion in Rate Hikes for 2025, Surpassing 2024 - PowerLines

thecooldown.com Power bill pain deepens as utilities seek $9.4 billion in rate hikes to start 2026

latitudemedia.com As building new power gets harder, US utilities seek record rate increases | Latitude Media

americanprogress.org With Americans Facing Utility Bill Increases This Year, the One Big Beautiful Bill Act Threatens To Drive Costs Even Higher - Center for American Progress

Appeared in: 2026-07-14 (#1) · 2026-07-15 (#2)

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