Spring 2025 Utility Decarbonization Report
The first release of 2023 emissions data. Published early so leaders could act sooner, not later.
Fast Facts
What's Inside
2023 data. Months early.
Get the first rankings of 47 investor-owned utilities on 2023 emissions data, months ahead of the traditional reporting timeline.
See which utilities are leading on emissions intensity, fuel mix, and progress toward net zero targets.
Review spotlights on publicly owned utilities and natural gas providers and their progress toward a low-carbon future.
Track a new metric: normalized emissions reduction per billion dollars invested, replacing planned CAPEX for greater accuracy.
Understand the rolling reporting approach introduced this year and what it means for how you use the data going forward.
Report Photos
About This Edition
Timely data. Faster decisions.
In the past, the NPUC waited until all utility data was in before publishing, which often meant analyzing data that was nearly two years old. The Spring 2025 Report changed that. By publishing the most complete snapshot available as of January 2025, we gave utilities, policymakers, and investors access to 2023 data months earlier than the traditional timeline allowed. The Fall 2025 edition followed to capture the remaining data and close the gap entirely.
