New York City Retirement Systems withdrew shareholder proposals at Great Plains Energy Inc., Alliant Energy Corp., WPS Resources Corp. and MGE Energy Corp. after the companies agreed to disclosures regarding greenhouse gas emissions.
The $95 billion system worked with Ceres, an investor coalition, to coordinate the resolution filings. "These four power companies deserve credit for assessing these financial risks for shareholders, and more companies should be doing the same without investors having to file resolutions," William C. Thompson Jr., New York City comptroller, who oversees the system, said in a statement.
Ceres President Mindy S. Lubber said in a statement that "more investors than ever before are recognizing that climate change is a serious business issue and are demanding answers from companies on their strategies for dealing with it."
Margaret Collins, MGE spokeswoman, confirmed the action, noting: "We agreed to do a report due out Sept. 1 on greenhouse gas and operations."
Tom Robinson, Great Plains spokesman, said, Great Plains "plans to produce an environmental report this year and as part of that process we intend to solicit and consider Ceres' input."
Kerry Spees, WPS spokesman, said he needed to research the issue before responding. Karmen Wilhelm, Alliant spokeswoman, couldn't be reached for comment.