Utility Companies Lower Rates As A Result Of The Tax Cuts

When the Tax Cuts and Jobs Act went into effect, which cut the corporate rate from 35 percent to 21 percent. A large number of electric, gas and water utilities started cutting customer charges. Most utility companies either cut bills or chose to not pass on the costs of expanding their operations. The total savings for all of this is about $3 billion.

What Duke Energy said about the cutting rates,

Duke Energy Ohio customers will receive approximately $20 million in annual tax savings on their electric bills beginning this month. The bill reduction is a result of the recent Tax Cuts and Jobs Act, which federal lawmakers passed in late 2017.

Quadvest Water and Sewer,

On behalf of the approximately 30,000 customers Quadvest Utility serves in Southeast Texas, we would like to thank you for your integral part in the development and ultimate passage of the Tax Cuts and Jobs Act of FY2017. The passage of this key piece of legislation has allowed Quadvest to proactively reduce our customers’ base water and sewer fees by 26% or almost $90 per year/family.”

Many individuals and families will be benefiting from these cuts. This is putting more money back in the people’s pockets. You know, those crumbs that Nancy Pelosi talks about. If the democrats take back the House, Nancy Pelosi wants to take those crumbs away from everyone by raising  taxes.

Heres the list of utility companies

  • Alabama Power
  • Alaska Electric Light and Power
  • Alliant Energy, Wisconsin
  • Alpena Power Co.
  • Ameren Illinois
  • Appalachian Power Co.
  • Arizona Public Service
  • Atlanta Gas Light Co.
  • Avangrid
  • Avista Corporation
  • Baltimore Gas & Electric
  • Black Hills Energy
  • California Water Service
  • Cleco Corporation
  • College Utilities
  • Commonwealth Edision
  • Consumers Energy
  • Dominion Energy, Utah
  • DTE Energy
  • Duke Energy Carolinas and Duke Energy Progress
  • Duke Energy Florida
  • Duke Energy Kentucky, Inc.
  • Duke Energy Ohio, Inc.
  • El Paso Electric Company
  • Enstar Natural Gas Company
  • Entergy Arkansas
  • Entergy Louisiana
  • Entergy Mississippi
  • Entergy New Orleans
  • Entergy Texas
  • Eversource Energy
  • Georgia Power
  • Golden Heart Utilities
  • Green Mountain Power
  • Gulf Power Company
  • Hawaiian Electric, Maui Electric, Hawai’I Electric Light
  • Idaho Power
  • Illinois American Water
  • Indiana-Michigan Power
  • Iowa American Water Co.
  • ITC Holdings Corporation
  • Kansas City Power and Light
  • Kentucky Utilities
  • Louisville Gas and Electric Company
  • Madison Gas & Electric
  • Metropolitan Edison Company
  • Michigan Gas Utilities Corp.
  • MidAmerican Energy Company
  • Missouri American Water
  • Montana-Dakota Utilities Co.
  • National Fuel Gas Distribution Corporation
  • National Grid
  • National Grid Rhode Island
  • Nevada Energy
  • New Jersey American Water
  • New Jersey Natural Gas
  • Nicor Gas
  • Northern Indiana Public Service Company
  • Northern States Power
  • NorthWestern Energy
  • Oklahoma Gas and Electric Company
  • Oncor Electric Delivery
  • One Gas Inc.
  • Otter Tail Power Co.
  • Pacific Gas and Electric Company
  • Pacific Power
  • PacifiCorp
  • PECO Energy Company
  • Pennsylvania Electric Company
  • Pennsylvania Power Company
  • Pennsylvania-American Water Company
  • Pennsylvania-American Water Company-Wastewater
  • Peoples Gas Company LLC
  • Peoples Natural Gas Company LLC-Equitable Division
  • Pepco
  • Pike County Light & Power Company
  • PPL Electric Utilities Corporation
  • Public Service Company of New Mexico
  • Puget Sound Energy Inc.
  • Quadvest
  • Rocky Mountain Power
  • SEMCO Energy Gas Co.
  • Southwest Gas
  • Spire Inc.
  • Superior Water, Light & Power
  • Tampa Electric
  • The United Illuminating Company
  • Tucson Electric Power Company
  • UGI Central Penn Gas Inc.
  • UGI Penn Natural Gas Inc.
  • UGI Utilities Inc.
  • Upper Michigan Energy Resources Corp. (UMERC)
  • Upper Peninsula Power Company
  • Vermont Gas Systems, Inc.
  • We Energies
  • Wellsboro Electric Company
  • West Penn Power Company
  • WeStar Energy
  • Xcel Energy

 

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