$3 billion payoff: 101 utilities 'cut rates', credit GOP tax cuts.....

.washingtonexaminer. ^ | 6/7/2018 | Paul Bedard

[caww]

The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion.

According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding their operations.

“When Democrats threaten to raise taxes if they get back into power they are threatening to raise your utility bill -- month after month,” said Grover Norquist, president of Americans for Tax Reform.

The general total for the cuts is over $2.8 billion. Hundreds of millions more of added utility expenses won’t be passed on to customers, and the statements also included specific dollar cuts to bills.

[caww]

Here's the list:

https://www.atr.org/thanks-tax-reform-utilities-are-lowering-rates?amp

[robroys woman]

Because utilities are regulated, they are only allowed to make a certain profit. When a cost goes down they are legally required to pass the reduction to the customer. And sometimes it can be retroactive.

I’m in the industry.

[Revel]

Under Cuomo - National Grid just raised their rates.

[DoughtyOne]

$3 billion here, $3 billion there, pretty soon we’re talking some pretty big money.

Impeach! Impeach! Impeach! /s

[oldtech]

Because our electric power supplier wasn’t on the list,I’m pretty sure they would say there was “extra cost” involved that they didn’t pass on to the consumer. Yeah,”extra costs”= rounding out the city slush fund. Nothing but legalized thievery.