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

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

And that includes APS right here in Arizona.

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.

APS announced yesterday its asking the Arizona Corporation Commission to allow it to cut bills by 119-million dollars for its customers. 

The average Arizona resident would save about four-to-five dollars a month. 

If approved, the lower rate would go into effect February 1st. 

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

Corrie O'Connor