Link here to PennEnergy. The headline pretty much says it all, but here's the story:
The Department of Public Utilities on Friday instructed the utilities
to account for any revenues associated with the difference between the
previous and current federal corporate tax rates.
The agency also ordered the utilities to submit by May 1 their
proposals to lower their rates to incorporate the reduction in the
federal corporate tax rate.
Democratic Attorney General Maura Healey called the DPU decision "a
huge victory for ratepayers" and said the agency had agreed with her
office that all utility companies in Massachusetts must use the
corporate savings from this federal tax bill to lower rates for
customers.
Look for other states to follow. Will California?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.