Thanks to GOP Tax Cuts, Utilities Are Lowering Rates
Submitted by jkartch on Thursday, June 7th, 2018, 2,01 PM
https://www.atr.org/thanks-tax-reform-utilities-are-lowering-rates?amp

(excerpt)
Thanks to the tax cuts passed by the Republican House and Senate and signed by President Donald Trump, at least 102 utilities across the country are lowering rates for customers, according to a report from Americans for Tax Reform. This means lower electric bills, lower gas bills, and lower water bills for Americans.

The Tax Cuts and Jobs Act cut the corporate rate from 35% to 21%. Utility companies are passing on the tax savings in the form of lower rates for customers.

Examples include:

Tampa Electric (Tampa Florida)

Tampa Electric bills won't rise to pay for Hurricane Irma restoration costs, thanks to new tax savings. The Florida Public Service Commission (PSC) unanimously approved the measure today.

Because of recent changes made to the federal tax law, customers will directly benefit. What Tampa Electric would have paid in corporate income taxes will instead be used to the cost of restoring power after Hurricane Irma and several other earlier named. Additionally, Tampa Electric bills will reflect the ongoing benefits from tax reform starting in 2019 -- March 1, 2018, Tampa Electric Press Release

Duke Energy Ohio, Inc. (Cincinnati, Ohio)

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.

"The tax act provides a unique opportunity for us to reduce customers' bills by millions of dollars," said Jim Henning, president of Duke Energy Ohio and Kentucky. "And that's exactly what we're doing here - delivering real savings to out customers." -- April 13, 2018 Duke Energy Press Release

Consumers Energy (Jackson, Michigan)

Consumers Energy today issued the following statement from President & CEO Patti Poppe:‘Today, Consumers Energy was pleased to submit a proposal to the Michigan Public Service Commission that would lower customer bills starting in 2018 by approximately $200 million, as a result of the recent federal tax reform changes. We are thrilled to be able to pass along 100 percent of the savings from tax reform to the people we are privileged to serve. This underscores our commitment to people, planet and prosperity for all of Michigan.’”—Jan. 19, 2018 Consumers Energy press release

Appalachian Power Company (Milton, West Virginia)

Appalachian Power Company saved $235 million dollars from the federal tax cuts and the company is proposing passing the money back to its customers in a variety of ways. – May 30, 2018, MetroNews article excerpt

(list continued at linked article)
https://www.atr.org/thanks-tax-refor...ring-rates?amp
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Thought I'd generate some input and of course some denial too I'm sure on this matter. I've got a family member that has benefited both in their job and now home electric bill from the tax cut that is thoroughly suffering with TDS. But lo and behold she is the one that sent this to me with the admittance that she can't deny that Trump is having some success in getting some parts of his agenda accomplished. Much to her chagrin. Now this family member is stubborn as a mule so I was surprised to see her making this admission. She still hates (and I mean HATES) Trump but if even she can come to this ironic admittance can others (tongue planted firmly in cheek) be that far behind her?

I doubt it. Our friends on the left will most likely twist themselves into a logic pretzel trying to find a way to give Obama the credit.

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To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

Oh my, cheaper utility bills.
Utilities also pay most of their profit to shareholders in the form of dividends. A boon to many people with a 401k, union retirement benefit, and/or direct investment.

Non sequitur? At the least a seriously mixed message? Do you have an issue with regular folks who are not a part of a union attempting to save for retirement without the protection that those with a "union retirement benefit" enjoy? Also known as the joke that is the 401K system? I only ask because if not don't worry, those evil bastards have been bent over a barrel and violated without the courtesy of a reach around for some time now. Just like the vast majority of American citizens.

You channeling Nancy Pelosi and her peanuts mindset? S'plain yourself Lucy!

rated mostly true by politifact

link

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Normally I'd say thanks but then this is the same origination that debunked your claim yesterday that poor put upon sad victim of circumstances Hilary Clinton did "not" according to you set up a private server. Nor "send or receive" classified or top secret material.
http://www.politicalwrinkles.com/new...tml#post936813

I'm genuinely concerned for you. Have you seen a doctor and talked about these spells of dementia? I was the primary caretaker of my grandfather for the last three years of his life as he died from Alzheimers. It was horrible. You sure you don't need some help?

If you read my excerpt there was an outstanding caveat.

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My dad was in a union that was "going to fund him in retirement", yeah, that $250 a month didn't do much to "take care of him" when he retired.
I'll take my chances with my self funded retirement. It's mine and not subject to some union deciding what I get in the end.
I own utility stocks as a part of my retirement portfolio, Duke Energy being one of them, diversification and all.

Not sure where you got some sort of Nancy Pelosi connection, I didn't even like the leftist peanut farmer President Jimmy Carter and he was a conservative compared to her.

And dividends are paid to the shareholders.

Well that helps explain your POV! Sorry I mistook your comments in that way, but you were a bit mysterious in your meaning. Take it from me, I grew up in the era when it was generally believed that if one was in a union they were guaranteed cradle to grave security. It was a lie for all but the top of the food chain.

I've not ever relied on the 401K system but a lot of people I love have to and most all of them have not been happy with that situation for years now. So I feel you as the young ones like to say. Thanks for clarifying.

Still don't see why you mock lower utility bills though. Can ya S'plain it to me Lucy? I'm all ears, er...eyes!