Michigan Utilities’ Federal Tax Cut Refunds Exceed $4 Billion
The Michigan Public Service Commission on Nov. 14 announced that the state’s utility customers will benefit from about $4.1 billion in refunds, following the final round of adjustments to tally the impacts of the federal tax law, which slashed the corporate income tax rate to 21 percent from 35 percent effective Jan. 1, 2018. The agency…