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The Electrical Utilities Criteria establish requirements for the certification of electrical utilities and their debt instruments, focusing on a transition to net-zero emissions by 2050. The framework employs an entity-level approach to assess the decarbonisation of the entire electricity value chain, including generation, transmission, and distribution. Certification requires entities to meet a global emission intensity pathway and adhere to specific fossil fuel phase-out benchmarks, which vary between advanced and emerging economies. The criteria prohibit new investments in fossil fuel power generation and mandate a total phase-out of fossil fuel generation by 2040 at the latest. To support grid security, the criteria allow the replacement of coal with fossil gas under strict conditions, provided the entity maintains its emission intensity pathway and has a phase-out plan. Eligible mitigation measures for Use-of-Proceeds (UoP) bonds include retrofitting plants with carbon capture and storage (CCS), carbon capture utilisation and storage (CCUS), or cofiring with low-carbon synthetic fuels and biomass. Certification is available in two tiers: 'align' for those meeting the pathway at the time of certification, and 'transition' for those meeting it by the end of 2030.