Utilities Coast-to-Coast Announce Customer Rate Cuts Due to Tax Reform

CNSNews ^ | January 9, 2018 | Craig Bannister

[jazusamo]

Utility companies annouce plans to reduce
customers' energy costs. (Screenshot)

From Washington, DC to Washington state, utility companies are crediting passage of Republicans’ Tax Cut and Jobs Act for their plans to lower their retail customers’ monthly bills.

Company press releases announcing the rate-cut plans specifically cite “the decrease in the Corporate Tax Rate from 35 percent to 21 percent” as the reason for reducing energy rates.

The utility companies that have reported plans to cut rates, thus far, include:

• Pepco plans to lower the bills of 296,000 electric customers in the District of Columbia,
• Pepco and Delmava Power plan to pass on savings to their 500,000 electric customers in Delaware and Maryland and approximately 129,000 natural gas delivery customers in northern Delaware,
• Baltimore Gas & Electric is passing on $82 million worth of tax savings, which it says will reduce the average customer’s monthly combined natural gas and electric by $4.27,
• Pacific Power , which provides electricity to 740,000 customers in Washington, Oregon and California, announced a yet-to-be-determined rate cut due to lower corporate tax rate,
• Rocky Mountain Power announced plans a rate reduction, which it says “will take several months to calculate” to its 1.1 million customers in Utah, Wyoming and Idaho,
• Commonwealth Edison Company (ComEd) is passing on $200 million worth of tax savings to its four million customers in northern Illinois. “Residential customer can expect to see an estimated $2-$3 decrease on their monthly bill related to the tax reduction,” the utility says.

All rate cuts are dependent upon the approval of their respective state public service and commerce commissions.

[jazusamo]

More Winning.

MAGA!

[Slyfox]

LEGACY DENIED

[roadcat]

Nancy Pelosi says “No, no, no, we can’t let Trump get away with this! How dare he let people keep more of their money, it belongs to me to give away to illegals and criminals (and to line my pocket)!”

[jazusamo]

A really sour pic that makes me smile. Love it!

[DoughtyOne]

One more thing for the Leftists to claim is bad in their upcoming seminars.

[EEGator]

PEPCO, Delmarva, BG&E, and ComEd all have the same parent company of Exelon.

[redcatcherb412]

Ohhhh Nooooes, think of the glowbull warming !!!!!

[Magnum44]

California will find a way to negate this for californians

[PROCON]

ARMAGEDDON!!!

[jazusamo]

MAGA!

Support Free Republic, Folks!

Please bump the Freepathon or click above to donate or become a monthly donor!

[Romulus]

But we went to elite schools, and were always careful to think correct thoughts. It’s NO FAIR!

[EEGator]

[FrankR]

Remember when...

[CatOwner]

California will find a way to negate this for californians

PG&E will hike rates. Whether it is from being sued for poor maintenance practices or Californians conserving energy, they'll jack up the rates to increase profits.

Pretty much how it goes in this state. We're using half the water we used 8 years ago in our house, and our water utility bill has almost doubled during that time.

[EEGator]

I don’t know if it’s the same in California, but out east, Utility companies have to get approval from the Public Utility Commission to raise rates.

[NorthMountain]

Everyone in that picture should be horsewhipped, and pilloried in the public square for passersby to pelt with rocks and garbage.

[dfwgator]

It’s like Christmas never ended.

[pas]

Comcast will be announcing a rate increase to make up for it.

[missthethunder]

“Everyone in that picture should be horsewhipped, and pilloried in the public square for passersby to pelt with rocks and garbage.”

Do we know if anyone in that picture is still in the White House?

What are their names? (I know VJ)

[jazusamo]

You couldn’t be more right, I hate ‘em but don’t really have a choice.