6 March 2013 — US power utilities are being urged to shift to clean energy and efficiency by major US investors and pension funds.

Shareholder resolutions have been filed with five utilities – Ameren, Cleco, DTE Energy, FirstEnergy and SCANA.

Investor Network on Climate Risk director Mindy Lubber said the electric power sector was facing a range of risks, from strong storms to drought to stricter controls on greenhouse gas emissions.

“In each case, shifting more resources to clean energy and efficiency will help reduce risk to utility customers and shareholders alike,” she said.

“Utilities are expected to spend $2 trillion on infrastructure over the next 20 years, and investors want to ensure that money is spent wisely.”