Regulators Say Federal Tax Cut Should Help Utility Customers

 

BATON ROUGE, La. (AP) — Louisiana's state utility regulators are demanding power companies return some of the largesse they've received from the recent congressional tax overhaul.

Federal income tax rates are a consideration in calculating what utilities charge customers. The Public Service Commission says a 14 percent cut to tax rates businesses pay should force a lowering of the rates Louisiana residents are charged for utilities.

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The Advocate reports the commission, which often has partisan divides on issues, was unanimous in demanding the utilities return some of the tax benefit to their more than 2 million Louisiana customers.

The Public Service Commission ordered its staff and company officials to find a way, by March 21, to give all of the savings from the cut in the federal corporate tax rate back to customers.

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Sunni LeBeouf

Black History Month Spotlight This Black History Month, Cox Communications is proud to recognize Sunni LeBeouf for her prolific record of professional achievement, civic philanthropy,...

 

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