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States to US Pass along utilities tax savings to customers

first_imgALBANY, N.Y. — Elected officials, consumer advocates and regulators in 18 states are pushing for the Federal Energy Regulatory Commission to ensure that utility customers see a reduction in their bills thanks to windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul.In a letter sent to the commission on Tuesday, the coalition called for an investigation into the “justness and reasonableness” of utility rates now that the tax cuts approved by Congress last month reduce the corporate income tax rate from 35 percent to 21 percent.The attorneys general from 12 states signed the letter: New York, California, Connecticut, Illinois, Kentucky, Maryland, Massachusetts, Nevada, North Carolina, Rhode Island, Texas and Virginia. Public consumer advocacy offices and state regulatory agencies from Connecticut, Florida, Maine, Nevada, New Hampshire, Rhode Island and Vermont also are involved.While a typical household may see its monthly utility bills reduced by just a few dollars, the overall savings across the nation could be significant.“Consumers at some point should expect to see some reduction,” in their monthly bills, said David Springe, executive director of the National Association of State Utility Consumer Advocates, a Silver Spring, Maryland-based advocacy group that supports the states’ efforts.last_img read more

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