States to US: Pass along utilities' tax savings to customers

Attorneys general, consumer advocates and regulators in more than a dozen states are asking the Federal Energy Regulatory Commission to ensure that utility customers also benefit from windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul.

Posted: Jan. 10, 2018 1:03 PM

ALBANY, N.Y. (AP) - Attorneys general, consumer advocates and regulators in more than a dozen states are asking the Federal Energy Regulatory Commission to ensure that utility customers also benefit from windfalls utilities will reap from corporate tax cuts included in the federal tax overhaul.

Scroll for more content...

In a letter sent to the commission Tuesday, the coalition calls 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 who signed the letter are from 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.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Related Content

Article Comments

Boilermaker Results
Enchanted Forest Water Safari Phrase to Play
Utica
Overcast
67° wxIcon
Hi: 81° Lo: 57°
Feels Like: 67°
Oneonta
Clear
61° wxIcon
Hi: 76° Lo: 46°
Feels Like: 61°
Herkimer
Overcast
67° wxIcon
Hi: 82° Lo: 57°
Feels Like: 67°
Thendara
Overcast
67° wxIcon
Hi: 78° Lo: 51°
Feels Like: 67°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
New Reduced Price for WKTV Staycation Card
Click Here for A Healthier Mohawk Valley