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Trump’s High Energy Tax Cut Is Causing Low Energy Costs

- March 7, 2018

Dozens Of Utility Companies Are Already Passing Along Savings From The Tax Cuts And Jobs Act To Customers Across The Country

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  • Democrats in key 2018 political battleground states opposed the Tax Cuts and Jobs Act, branding it, among other things, a massive giveaway for corporations.
  • But at least twenty-seven utility companies are now passing savings received from the tax bill to their customers.
  • Thanks to the Tax Cuts and Jobs Act:
    • Approximately 15.7 million customers in Montana, Michigan, Florida, Missouri, and Indiana could see a lower energy bill.
    • Up to 75.3 million customers nationwide, or over 60 percent of households, could see a lower energy bill.

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DESPITE OPPOSITION FROM RED STATE DEMOCRATS, THE TAX CUTS AND JOBS ACT HAS LED TO LOWER UTILITY BILLS FOR THEIR CONSTITUENTS

Red State Senate Democrats Slammed The Tax Bill And Called Corporate Tax Rate Reductions A "Huge" Giveaway For The One Percent

Sen. Jon Tester (D-MT) Said That The Tax Cuts And Jobs Act Would "Shift Money From Middle-Class Families To The Rich." "'Take a look at this, folks. This is your government at work,' Tester said, slamming his fist on the bill. 'It's going to shift money from middle-class families to the rich, and we were given it 20 minutes ago.'" (David Weigel, Robert Costa and Paul Kane, "'This Is Class Warfare': Tax Vote Sparks Political Brawl Over Populism That Will Carry Into 2018 Elections," The Washington Post , 12/2/17)

Sen. Debbie Stabenow (D-MI) Called The Bill A "Huge" Tax Giveaway For The 1 Percent, Referencing This Corporate Tax Rate Reduction. "'I voted no because I could not support raising taxes on middle-class families, seniors, and farmers and leaving Michigan families without health insurance to pay for huge tax giveaways for the wealthiest one percent of Americans.'" (Press Release, "Stabenow Statement Following Senate Vote on Republican Tax Bill," Sen. Debbie Stabenow , 12/2/17)

Sen Bill Nelson (D-FL) Slammed The Tax Cuts And Jobs Act Saying "The Real Purpose Of The Bill Is To Give Huge Tax Cuts To Multinational Corporations." "GOP passage of the tax bill could give Sen. Bill Nelson a campaign talking point next year and he's already forming the argument. 'It's going to give a few nuggets to the middle class, but that's to mask the true intent,' Nelson said Monday on the Senate floor. 'The real purpose of the bill is to give huge tax cuts to multinational corporations and to make it easier for them to shift jobs overseas. That's the bottom line.'" (Alex Leary, "Bill Nelson Says GOP Tax Bill Will Shift Jobs Overseas," Tampa Bay Times , 12/19/17)

Sen. Claire McCaskill (D-MO) Downplayed The Positive Effects Of The Tax Cuts And Jobs Act, Saying The Bill "Is Not Going To Be Helpful To The Vast Majority Of People In My State." "'Listen, I think it's great when companies want to give workers bonuses,' Sen. Claire McCaskill (D-Mo.) said Tuesday. 'That doesn't change the reality of the numbers. It's a debt-inducing, make-rich-people-richer tax bill that in the long run is not going to be helpful to the vast majority of people in my state that are sitting around the kitchen table trying to figure out how [to] come out even at the end of the month.'" (Igor Bobic, "Democrats Downplay Bonuses Employees Are Getting In Wake Of GOP Tax Law," The Huffington Post , 1/9/18)

Sen Joe Donnelly (D-IN) Said That The Tax Cuts And Jobs Act Is A "Giveaway To Wall Street And Other Big Money Interests." "'From the beginning I've been willing to partner with Republicans, with Democrats, with the president, with this Administration. I agreed with President Trump's stated goals of supporting the middle class and keeping jobs here in America…Here's the bottom line: I opposed Mitch McConnell's bill because it is not tax reform, it's a partisan tax hike on Indiana's middle class, it does nothing to prevent outsourcing of US jobs to foreign countries, and it's a giveaway to Wall Street and other big money interests.'" (Press Release, "Donnelly Statement On Vote Against Mitch Mcconnell's Tax Hike Bill," Sen. Joe Donnelly , 12/2/17)

But In Red States Where Democratic Senators Are Up For Reelection In 2018, Utility Corporations That Received A So-Called "Giveaway" Are Already Passing Along These Savings To Millions Of Customers

DTE Energy Is Passing On Their Savings From The Tax Cuts And Jobs Act To Millions Of Customers Across The Country And In Michigan. "DTE Energy issued the following statement regarding the impacts of H.R.1, the Tax and Jobs Act. 'The recent passage of the Federal Tax Cuts and Jobs Act will offer benefits to energy customers across the country - including DTE's utility customers here in Michigan.'" (Press Release, "DTE Energy Passes Tax Reform Savings On To Customers," DTE Energy , 1/23/18)

  • DTE Energy Serves 3,500,000 Customers In Michigan. "'The reduction of the corporate tax rate will result in lower bills for DTE's 2.2 million electric and 1.3 million gas customers.'" (Press Release, "DTE Energy Passes Tax Reform Savings On To Customers," DTE Energy , 1/23/18)

Duke Energy Florida Will Apply Tax Savings Toward Storm Costs So That Customers Will Not Have To Pay Increased Rates As A Result Of Hurricane Irma. "Duke Energy Florida today announced that customers will directly benefit from the new federal tax law and avoid a rate increase for power restoration costs associated with the company's response to last September's Hurricane Irma. Instead of increasing customer rates, the company plans to apply federal tax reform savings toward those storm costs." (Press Release, "Duke Energy Florida Customers Will Not See Rate Increase For Hurricane Irma And Related $513-Million In Storm Costs," Duke Energy , 1/21/18)

  • Duke Energy Florida Provides Power To About 1.8 Million Customers In Florida . "Duke Energy Florida owns and operates a diverse generation mix, including renewables, providing about 8,800 megawatts of owned electric capacity to approximately 1.8 million customers in a 13,000-square-mile service area." (Press Release, "Duke Energy Florida Customers Will Not See Rate Increase For Hurricane Irma And Related $513-Million In Storm Costs," Duke Energy , 1/21/18)

Michigan-Based Consumers Energy Is Passing Along 100 Percent Of Their Savings From The Tax Cuts And Jobs Act To Customers. "'Today, Consumers Energy was pleased to submit a proposal to the Michigan Public Service Commission that would lower customer bills starting in 2018 by approximately $200 million, as a result of the recent federal tax reform changes. We are thrilled to be able to pass along 100 percent of the savings from tax reform to the people we are privileged to serve. This underscores our commitment to people, planet and prosperity for all of Michigan.'" (Press Release, "Consumers Energy Puts Customers First On Tax Reform," Consumers Energy , 1/19/18)

  • Consumers Energy Provides Energy To 6,700,000 Michigan Residents. "CMS Energy's primary business is Consumers Energy, providing natural gas and electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties. Consumers Energy is committed to serving our customers, and making Michigan a great place to live and work." ("Consumers Energy," CMS Energy, Accessed 3/5/18)

Indiana's NIPSCO Natural Gas Will Reduce Its Utility Prices Thanks To Savings From The Tax Cuts And Jobs Act. "As a result of the newly enacted federal tax reform, NIPSCO submitted a request with the Indiana Utility Regulatory Commission (IURC) to lower its previous request to modify natural gas base rates by $26 million. The reduction means natural gas residential customers would pay nearly $2 less per month following the Commissions' decision in the company's natural gas rate proposal, which is expected in the second half of 2018. The average natural gas residential customer paying $50 per month is projected to see their bill go to $58.10 per month, subject to IURC approval, rather than $59.80 as originally proposed." (Press Release, "Nipsco Natural Gas Customers To See Lower Bills As A Result Of Federal Tax Reform," Nipsco Natural Gas , 1/29/18)

  • NIPSCO Services 1,280,000 Customers In Indiana. "Northern Indiana Public Service Company (NIPSCO), with headquarters in Merrillville, Indiana, has proudly served the energy needs of northern Indiana for more than 100 years. As Indiana's largest natural gas distribution company and the second-largest electric distribution company, NIPSCO serves approximately 820,000 natural gas and 460,000 electric customers across 32 counties." (Press Release, "Nipsco Natural Gas Customers To See Lower Bills As A Result Of Federal Tax Reform," Nipsco Natural Gas , 1/29/18)

Gulf Power Company Will Pass Its $103 Million In Tax Savings Along To Its 460,000 Florida Customers. "Gulf Power has filed a request with the Florida Public Service Commission seeking approval to pass along approximately $103 million in tax savings to its 460,000 customers. If approved, the average Gulf Power customer using 1,112 kilowatt hours per month would see a $14 drop on their monthly electricity bill for 2018 - the largest decrease in company history. More than $30 million in savings for customers will continue into 2019 and beyond if approved by the FPSC." ("Gulf Power Seeks Bill Reduction For Customers Following Tax Cuts," Pensacola News Journal , 2/14/18)

Montana's Black Hills Energy Is Studying The Tax Cuts And Jobs Act In Order To Pass On Tax Benefits To Customers . "Black Hills Energy said in a statement that it is currently studying the new tax law and will work with utility regulators to provide customers the benefit of the corporate rate reduction." (John Conway, "SD Commission To Ensure That Consumers Reap Benefits Of Tax Cut," News Center 1 , 1/4/18)

  • Black Hills Energy Serves 1.2 Million Customers Across Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota And Wyoming. "Black Hills Energy, the business name under which we operate our natural gas and electric utilities, serves 1.2 million customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. Our utilities are subsidiaries of Black Hills Corp." ("About Black Hills Energy," Black Hills Energy , Accessed 3/5/18)

Missouri's Kansas City Power And Light Has Committed To Pass 100 Percent Of Its Tax Savings From The Tax Cuts And Jobs Act Along To Its Customers. "Today KCP&L announced its intention to file rate update cases with the Kansas Corporation Commission (KCC) and the Missouri Public Service Commission (MPSC) to pass approximately $100 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. KCP&L is committed to passing 100 percent of the benefit from this tax cut on to customers." (Press Release, "KCP&L To Provide Federal Tax Reduction Benefits To Customers," Kansas City Power And Light , 1/18/18)

  • Kansas City Power And Light Serves 800,000 Customers In Missouri And Kansas. "As a result, KCP&L now serves more than 800,000 customers in 47 northwest Missouri and eastern Kansas counties. With a service area of about 18,000 square miles, it takes more than 3,000 miles of transmission lines, 24,000 miles of distribution lines and over 400 substations to deliver power to our customers." (Press Release, "KCP&L To Provide Federal Tax Reduction Benefits To Customers," Kansas City Power And Light , 1/18/18)

NATIONALLY, OVER 60 PERCENT OF U.S. HOUSEHOLDS COULD SEE SAVINGS BECAUSE OF THE TAX CUTS AND JOBS ACT

Up To 75,300,000 Utility Customers Could See Savings Because Of The Tax Cuts And Jobs Act Nationwide, Or Over 60 Percent Of U.S. Households

There Are 117,716,237 Households In The United States. ("Quick Facts United States," United States Census, Accessed 3/6/18)

AVANGRID Will Pass Along "The Full Benefit Of Any Tax Savings" From The Tax Cuts And Jobs Act To Its Customers. "AVANGRID's regulated natural gas and electricity companies will pass along to customers the full benefit of any tax savings that the companies realize as a result of the 2017 federal tax reform act. Among other changes, the tax reform act reduces the federal corporate tax rate from 35 to 21 percent. As a matter of fairness, AVANGRID believes that any resulting tax savings should be extended to customers." (Press Release, "AVANGRID Will Pass Savings From 2017 Tax Reform To Customers," AVANGRID , 1/10/18)

  • Avangrid Networks Serves 3.2 Million Customers In New England And New York. "Avangrid Networks is comprised of eight electric and natural gas utilities, serving approximately 3.2 million customers in New York and New England." (Press Release, "AVANGRID Will Pass Savings From 2017 Tax Reform To Customers," AVANGRID , 1/10/18)

Dominion Energy's Tax Savings Resulting From The Tax Cuts And Jobs Act Will Be Passed Along To Its Utah Customers. "The Utah Division of Public Utilities has announced that federal tax savings filed by Dominion Energy will be passed to Utah consumers. The company filed for $17 million in adjustments as the result of the recently enacted federal tax cuts, explained Chris Parker, director of the state Division of Public Utilities." (Jasen Lee, "Dominion Energy Announces $17M In Tax Cuts For Customers," Deseret News Utah , 2/5/18)

  • Headquartered In Richmond, VA, Dominion Energy Serves 6 Million Customers Nationwide . "Headquartered in Richmond, VA, Dominion Energy is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage and distribution pipeline and 6,600 miles of electric transmission and distribution lines. We operate one of the largest natural gas storage systems in the U.S. with 1 trillion cubic feet of capacity, and serve more than 6 million utility and retail energy customers." ("Who We Are," Dominion Energy , Accessed 3/5/18)

Ameren Illinois Electric Has Filed A Petition With The Illinois Commerce Commission To Pass Along Savings From The Tax Cuts And Jobs Act To Its Customers. "Ameren Illinois electric customers could save an average of $2.50 to $3.00 per month in 2018 and natural gas customers could save an average of $1 per month if the Illinois Commerce Commission (ICC) approves the company's plan to pass savings from the recently approved federal tax cut legislation back to its customers. Customers using both electricity and natural gas could see a combined savings. In the proposal filed with the ICC today, the company is seeking approval to pass along federal tax savings to electric customers beginning this year. A similar proposal was filed last week on behalf of Ameren Illinois natural gas customers." (Press Release, "Ameren Illinois Files Petition To Pass Tax Savings To Customers," Ameren Illinois Electric , Accessed 3/5/18)

  • Ameren Illinois Servers 2,016,000 Customers In Illinois. "Ameren Illinois delivers energy to 1.2 million electric and 816,000 natural gas customers in Illinois. Our mission is to power the quality of life. Our service territory covers more than 1,200 communities and 43,700 square miles." (Press Release, "Ameren Illinois Files Petition To Pass Tax Savings To Customers," Ameren Illinois Electric , Accessed 3/5/18)

Arizona Public Service Co. Wants To Cut Customers Monthly Utilities Bill Because Of The Tax Cuts And Jobs Act. "Arizona Public Service Co. wants to cut about $4.70 from the average residential customer's monthly bill thanks to the tax changes that President Donald Trump signed into law last month. The state's biggest electric company announced the proposal Tuesday, and is seeking to have the reduction take effect in February." (Ryan Randazzo, "APS Now Seeking Rate Decrease Thanks To Federal Tax Cuts," Arizona Central , 1/9/18)

  • Arizona Public Service Co. Serves 1.1 Million Customers Across Arizona. "APS serves more than 1.1 million customers across the state, and serves about half the homes and businesses in the metro Phoenix area. The rest of the Phoenix area is served by Salt River Project, but those customers will not see any reductions due to the tax changes." (Ryan Randazzo, "APS Now Seeking Rate Decrease Thanks To Federal Tax Cuts," The Arizona Republic , 1/9/18)

Louisiana Based Cleco Will Pass Along Savings From The Tax Cuts And Jobs Act To Its Customers. " Today, Cleco confirmed it will pass along savings to customers related to the recent tax reform. The Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018, decreased the federal corporate tax rate from 35 percent to 21 percent, reducing the amount of federal income tax Cleco will have to pay." (Press Release, "Cleco Providing Savings To Customers From Corporate Tax Decrease," Cleco , 2/22/18)

  • Cleco Serves 288,000 Customers In Louisiana And Mississippi. "Cleco Power is a regulated electric utility company that owns nine generating units with a total nameplate capacity of 3,310 MWs and serves approximately 288,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi." (Press Release, "Cleco Providing Savings To Customers From Corporate Tax Decrease," Cleco , 2/22/18)

Washington-Based Energy Company Avista Will Pass On The $50 To $60 Million Annual Benefit From The Tax Cuts And Jobs Act To Its Customers . "Avista customers could collectively see a $50 million to $60 million annual benefit from federal tax reform, utility officials said Wednesday. The savings on individual customers' bills, however, won't be known until later this year. Corporate tax rates for the Spokane-based utility dropped from 35 percent to 21 percent effective Jan. 1. Savings from the lower taxes will get passed on to Avista's utility customers in Washington, Idaho and Oregon, said Mark Thies, senior vice president and chief financial officer." (Becky Kramer, "Avista Customers Expected To Reap Savings On Rates From Federal Tax Reform," The Spokesman-Review , 2/21/18)

  • Avista Corp. Provides Energy To 722,000 Customers Across Washington, Idaho And Parts Of Oregon. "Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 379,000 customers and natural gas to 343,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.6 million." (Press Release, "Avista Requests Lower Natural Gas Prices For Washington And Idaho Customers," Avista , 12/22/17)

Baltimore Gas & Electric Filed A Request With The Maryland Public Service Commission To Pass Along $82 Million In Tax Savings To Its Customers. "Today BGE will file with the Maryland Public Service Commission (PSC) to pass approximately $82 million in annual tax savings to customers, resulting from federal tax cost reductions. The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018. If approved by the PSC, the average BGE residential electric customer can expect to see an estimated $2.31 decrease on their monthly bill, and the average residential combined natural gas and electric customer can expect an estimated $4.27 monthly reduction, effective in February 2018." (Press Release, "BGE To Provide Federal Tax Reduction Benefits To Customers," Baltimore Gas & Electric , 1/5/18)

  • Baltimore Gas & Electric Serves 1,900,000 Customers In Maryland. "BGE, founded in 1816 as the nation's first gas utility and headquartered in Baltimore, is Maryland's largest natural gas and electric utility. The company's approximately 3,200 employees are committed to safe and reliable power delivery to more than 1.25 million electric customers and more than 650,000 natural gas customers in central Maryland, as well as enhanced energy management, conservation, environmental stewardship and community assistance." (Press Release, "BGE To Provide Federal Tax Reduction Benefits To Customers," Baltimore Gas & Electric , 1/5/18)

Duke Energy Will Lower Energy Bills For Its North Carolina Customers As A Result Of The Tax Cuts And Jobs Act. "Duke Energy today outlined its proposal to pass along savings from the new federal tax law to its North Carolina customers in ways that will lower bills in the near term and help offset increases in the future." (Press Release, "Duke Energy To Pass Savings From New Federal Tax Law To North Carolina Customers," Duke Energy , 2/1/18)

  • Headquartered In Charlotte, N.C., Duke Energy Is Serves 9.1 Million Customers Across Several States. "Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States." (Press Release, "Duke Energy To Pass Savings From New Federal Tax Law To North Carolina Customers," Duke Energy , 2/1/18)

Based In Portland, Oregon, Pacific Power Will Pass Along Its Savings From The Tax Cuts And Jobs Act To Its Customers. "On December 22, 2017, changes to the tax code were passed into law that will lower federal taxes on corporations. Pacific Power is committed to passing the benefit of this tax cut on to customers. 'We strive to provide our customers reliable service while keeping rates low,' said Stefan Bird, President and CEO of Pacific Power. 'The benefit of this tax cut should be passed on to our customers - and we will work with our regulators and stakeholders on the best way to do that.'" (Press Release, "Pacific Power To Pass Tax Cut Savings To Customers," Pacific Power , 1/3/18)

  • Pacific Power Has 1,599,000 Residential Customers. "Customers Total: 1,841,000 Residential: 1,599,000 Commercial: 202,000 Industrial and irrigation: 37,000." ("Quick Facts" Pacific Power , Accessed 3/5/18)

Texas Based El Paso Electric Will Refund Its Customers Because Of The Tax Cuts And Jobs Act. "El Paso Electric (EPE) was one of the first utilities in the state of Texas to address and identify a mechanism to refund Texas customers due to the reduction in the federal income tax rate. On December 14, 2017, the unopposed settlement approved by the Public Utility Commission of Texas (PUCT) included a provision to refund EPE's Texas customers for the reduction in the federal income tax rate. EPE is currently calculating the changes and impacts of the new tax law to determine the amount of the refund to be filed in mid-April. EPE expects Texas customers will begin to see the refund as a credit on their bills by mid-year 2018 following PUCT approval of its refund filing." (Press Release, "EPE To Refund Customers In Texas Due To New Tax Rate," El Paso Electric , 1/23/18)

  • El Paso Electric Serves 417,000 Customers. "Today, El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 417,000 retail and wholesale customers." ("El Paso Electric Today," El Paso Electric , Accessed 3/5/18)

Entergy Mississippi Intends To Pass On Tax Savings To Customers Through Short-Term Bill Credits, Long-Term Rate Reductions And Alleviation Of Some Future Rate Increases. "In cooperation with the Mississippi Public Service Commission, Entergy Mississippi, Inc. today filed its preliminary plan for implementing tax reform. The formal plan will be filed in mid-March as part of the company's annual rate filing. If approved by the MPSC, the multi-million dollars in tax savings will benefit customers in three ways: Short-term bill credits, long-term rate reductions and alleviation of some future rate increases." (Press Release, "Entergy Mississippi Files Initial Plan To Pass Millions In Tax Savings To Customers," Entergy Mississippi , 2/26/18)

  • Entergy Mississippi Serves Approximately 447,000 Customers In Mississippi. "Entergy Mississippi serves approximately 447,000* customers in 45 of Mississippi's 82 counties. Entergy companies employ some 2,200 people in the state. There are more than 1,200 Entergy retirees living in Mississippi." ("About Us," Entergy Mississippi , 12/31/16)

Massachusetts Based Eversource Will Pass Along Its Savings From The Tax Cuts And Jobs Act To Its Customers. "The newly passed federal tax law reduces the amount of taxes Eversource will be paying by millions of dollars and today the energy company has informed the Department of Public Utilities of its decision to voluntarily pass those savings along to customers." (Press Release, "Eversource Will Use Tax Savings To Lower Rates For Customers," Eversource , 1/4/18)

  • Eversource Provides Energy To 1.7 Million Customers Throughout Massachusetts . "Eversource transmits and delivers electricity, natural gas and water to 1.7 million customers throughout Massachusetts." (Press Release, "Eversource Will Use Tax Savings To Lower Rates For Customers," Eversource , 1/4/18)

Vermont's Green Mountain Power Will Lower Bills For Customers By $6 Million Thanks To Savings From The Tax Cuts And Jobs Act. "In a filing today with the Vermont Public Utility Commission, Green Mountain Power is seeking to lower bills for customers by $6 million. The benefit comes from federal tax law changes that reduce GMP's corporate tax rate from 35 percent to 21 percent. This change will be retroactive and take effect January 1, 2018 at the start of GMP's new rate year. The reduction will be applied starting in the February bill cycle and will be returned monthly throughout 2018 as a bill credit." (Press Release, "Green Mountain Power Returning $6 Million Dollars To Customers Through Federal Tax Changes," Green Mountain Power , 1/23/18)

  • Green Mountain Power Served 265,000 Customers In Vermont. "Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and is partnering with Vermonters to improve lives and transform communities." (Press Release, "Green Mountain Power Returning $6 Million Dollars To Customers Through Federal Tax Changes," Green Mountain Power , 1/23/18)

The Tax Cuts And Jobs Act Is Expected To Lower Bills For The 460,000 Customers Of Hawaiian Electric, Maui Electric And Hawaii Electric Light. "The 460,000 customers of the Hawaiian Electric Companies could see lower electric bills as a result of the federal corporate income tax cut. Changes to federal tax law will lower corporate rates from 35 percent to 21 percent starting this year. That is expected to result in a lower tax bill for Hawaiian Electric, Maui Electric and Hawaii Electric Light. State and federal taxes are included in the base electric rate and with a lower federal tax, the tax rate imbedded in the bill will be reduced." (Press Release, "As Federal Tax Rate Falls, So Could Electric Bills," Hawaiian Electric , 1/10/18)

Iowa-American Water Co. Will Pass On Its Tax Savings To Its Customers. "Iowa-American Water Co., which provides service in eastern Iowa, would provide $1.5 million and $1.8 million to customers." (Donnelle Eller, "Iowa Utilities Will Deliver $147 Million In Tax Reform Savings To Consumers," The Des Moines Register , 1/29/18)

  • Iowa-American Water Co. Serves 200,000 People In Iowa. "Our customers are our number one priority, and we are proud to deliver clean, safe, reliable and affordable water and wastewater services. In Iowa, we serve about 200,000 people. To ensure your water is of the highest quality, we strictly follow regulations that are set by local authorities like the Iowa Utilities Regulatory Board as well as federal standards set by the United States Environmental Protection Agency (USEPA)." ("About Us" Iowa-American Water Co ., Accessed 3/5/18)

National Grid Will Reduce Utility Rates In Rhode Island Thanks To The Tax Cuts And Jobs Act. "National Grid announced Thursday it will reduce its proposed rate hike for Rhode Islanders by more than $25 million largely due to expected savings from the new federal tax law. The utility had been seeking an estimated 6% increase in electric bills and a 5% increase in gas bills, which combined were expected to increase ratepayers' bills by about $71 million annually starting Sept. 1. It would be the company's first increase in base distribution rates since 2012." (Ted Nesi and Susan Campbell, "National Grid Says It Will Lower RI Rate Hike By $25M Thanks To New Tax Law," WPRI News 12 , 1/11/18)

Natural Grid Massachusetts Will Propose A Rate Reduction Due To The Company's Savings From The Tax Cuts And Jobs Act. "On the heels of expansive federal tax reform, National Grid will request a reduction in its pending natural gas distribution rate proposal with the Massachusetts Department of Public Utilities. When federal tax reform legislation was signed into law in late December, the company began assessing how reductions in corporate tax rates could benefit customers. The company announced today it will update its rate proposal with the DPU for natural gas rates that will go into effect in October 2018: reducing the original $87 million request to an estimated $65 million." (Press Release, "Millions In Tax Savings To Benefit National Grid Customers In Massachusetts," National Grid , 1/11/18)

  • National Grid Serves More Than 20 Million Customers In New York, Massachusetts, And Rhode Island. "National Grid is an electricity, natural gas, and clean energy delivery company that supplies the energy for more than 20 million people through its networks in New York, Massachusetts, and Rhode Island. It is the largest distributor of natural gas in the Northeast." (Press Release "Millions In Tax Savings To Benefit National Grid Customers In Massachusetts," National Grid , 1/11/18)

Oncor Electric Delivery Is Passing Along Its Savings From The Tax Cuts And Jobs Act To Its Texas Customers. "The company delivering electricity to most North Texans would likely save millions from the new corporate tax rate cut. But that entire windfall is expected to go back to consumers. That's the result of a recently completed rate case where the state's largest regulated utility agreed to return all tax cut benefits to its customers." (Jeff Mosier, "Lower Electricity Bills For North Texans When Oncor Shares Tax-Cut Windfall With Consumers," The Dallas Morning News , 1/16/18)

  • Oncor Serves 10,000,000 Texans. "Oncor is a regulated electric utility that operates the largest distribution and transmission system in Texas - the sixth largest in the nation - serving more than 10 million Texans living in 410 cities and 120 counties." ("Overview," Oncor Electric Delivery , Accessed 3/5/18)

Pepco Is Planning To Pass Along Savings From The Tax Cuts And Jobs Act To Their 296,000 DC Customers. "Pepco today announced they will file with the Public Service Commission of the District of Columbia in early February, outlining plans to provide annual tax savings to more than 296,000 electric customers in the District of Columbia. If approved, Pepco would plan to begin providing a credit lowering customer bills starting in the first quarter of 2018." (Press Release, "Pepco Outlines Plans To Provide Federal Tax Reduction Benefits To Customers In The District Of Columbia," Pepco , 1/5/18)

Rocky Mountain Power Will Pass Along Savings From The Tax Cuts And Jobs Act To Its Customers. "Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn't sure how much or when. 'We strive to provide our customers reliable service while keeping rates low,' said Cindy Crane, President and CEO of Rocky Mountain Power. 'The benefit of this tax cut should be passed on to our customers - and we will work with our regulators and stakeholders on the best way to do that.'" ("Rocky Mountain Power Promises To Share Tax Windfall," ABC News 8 , 1/4/18)

  • Rocky Mountain Power Has 129,898 Customers In Washington, And 1,599,000 Total. "Customers Total: 1,841,000 Residential: 1,599,000 Commercial: 202,000 Industrial and irrigation: 37,000 Customers by state Utah: 875,130 Wyoming: 140,352 Idaho: 76,268 Oregon: 574,132 Washington: 129,898 California: 44,974." ("Quick Facts," Rocky Mountain Power , Accessed 3/5/18)

Vermont Gas Will Give Each Of Its 51,000 Customers A Credit On Their Bill Because Of The Tax Cuts And Jobs Act. "Vermont Gas announced today that it will reduce 2018 customer costs by $2.4 million, the full benefit of December's federal tax law changes. Vermont Gas has filed a notice with the Vermont Public Utility Commission to give customers a monthly credit on 2018 bills, starting February 1st and continuing through October 2018. Each of Vermont Gas' 51,000 customers will receive a credit on their heating bill, based on usage, over the next eight months. For families, this bill credit will total almost $40 over the year; businesses could see even more." (Press Release, "Vermont Gas Customers Receive $2.4 Million Cost Reduction," Vermont Gas , 1/23/18)


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