Advertisement

Michigan Regulators: Tax Cuts Likely to Reduce Utility Bills

Michigan Regulators: Tax Cuts Likely to Reduce Utility Bills

December 27, 2017 05:33 PM

LANSING, Mich. (AP) - Michigan regulators are ordering 13 utilities to study the impact of new federal tax cuts and how savings will be passed along to consumers through lower electric and gas bills.

Advertisement – Content Continues Below

The order was issued Wednesday during a special meeting called by the Michigan Public Service Commission.

Utilities have until Jan. 19 to file comments with the state on how they propose to return savings to customers.

Commissioner Rachael Eubanks says utilities will likely see a "significant" reduction in federal taxes, and their response to the state will "provide broader input regarding the appropriate avenue for how to extend benefits to customers."

Commissioners want the savings calculated from the effective date of the federal law, which is next Monday.


WDIO

Copyright 2017 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

Prosecutors Plan Thursday Announcement about Prince Death

Younkers, Herberger's Closing: What's the Affect on Northland Malls

Phifer Won't Run in 8th District Primary

UMD Hockey Celebrate Win At Capitol

BWCA School Trust Lands Dispute Moves Closer to Resolution

Wife of Distracted Driving Victim Urges Approval of 'Hands Free' Bill

Advertisement