Local service customers could see savings | News

If you are a FirstEnergy, National Fuel or Pennsylvania American Water customer, you may see savings on upcoming bills.

The Pennsylvania Public Service Commission issued an order on Thursday requiring 17 electricity, natural gas, and water and sanitation utility companies provide customers with a monthly credit in the wake of a significant decrease in corporate tax rates federal and other tax changes. More than $ 320 million per year in federal tax savings could be returned to customers.

Locally, National Fuel Gas Distribution Corp. will submit a request to reduce rates effective July 1, company spokeswoman Carly Manino said.

"Based on the current rates and the 2.2 percent overall reduction referenced in the order, we estimate that the average residential customer's bill could be reduced by approximately $ 19 per year." This estimate is subject to change after an additional review, "he said.

Meanwhile, FirstEnergy officials must receive and then review the written order, said Scott Surgeoner, FirstEnergy spokesperson. The company includes Penelec and West Penn Power.

"It would be premature to provide any comments until we review your order," he said.

However, Penelec customers could see 8.50 percent and West Penn Power could make a 7.34 percent reduction in their bills, according to information from the PUC.

For Pennsylvania American Water, which operates a wastewater treatment plant in the Kane area, "The process of how the negative surcharge will be applied to customer bills and how much will be determined," said Gary Lobaugh, spokesperson of the company. "We will communicate this information to our clients once it has been prepared and then reviewed and approved by the PUC."

Company officials expect the adjustment to begin on July 1, he said.

"The January-June 2018 period is expected to be addressed, with interest, in our next general rate case," Lobaugh said.

Customers may realize that distribution charges decrease from .56 percent to 8.55 percent, all depends on revenue and the fiscal impact on utility companies, reports the PUC.

"As economic regulators, it is the responsibility of the Commission to ensure that the rates of public services are fair and reasonable, and that the rates must reflect the relevant fiscal expenditures," said PUC President Gladys M. Brown. , it's a statement. "I believe that this work (by PUC staff) has resulted in an innovative response from this Commission to return the benefits of the (Tax and Employment Reduction Act) to customers."

Utilities should begin to return federal tax savings for consumers including Pennsylvania Electric Co., West Penn Power Co., National Fuel Gas Distribution Corp. and UGI Central Penn Gas Inc. (parts of McKean counties) and Potter).

One of the utility companies that does not have to act immediately by order of PUC is Columbia Gas of Pennsylvania Inc., which serves McKean and Elk counties. PUC officials continue to badyze the impacts of the tax reform in cases of current or pending rates.

"In each of those situations, any fiscal savings will be considered as part of the broader evaluation of their rates," said PUC.


Source link

Check Also

Activision Blizzard, TripAdvisor, Akamai Technologies, CBS, Wyndham Hotels & Resorts, Hilton Worldwide Holdings

These are some of the companies with shares that are expected to be actively traded …