Maine Regulator Launches Probe to Ascertain Federal Tax Cut Impacts on Emera’s Revenue Requirements

The Maine Public Utilities Commission opened an investigation on Oct. 3 to determine the impact of certain aspects of the federal tax law on Emera Maine’s revenue requirements including excess deferred income taxes, savings associated with the time period from Jan. 1 to June. 30, and whether these savings can be used to offset storm…

Ohio Regulator Slashes AEP’s Rates by $607 Million to Reflect Federal Tax Cut Savings

The Public Utilities Commission of Ohio approved a settlement that will lower residential bills for American Electric Power Company Inc.’s customers by $3.65 per month as a result of reconciling rates to pass on savings from the federal tax law that slashed the federal income tax rate to 21 percent from 35 percent, according to…

Avista’s Cost Adjustments Slash Electric Rates by 5.5 Percent for Idaho Customers

The Idaho Public Utilities Commission approved changes to Avista Corporation’s annual rate adjustments that will lower residential electric bills by $4.85 per month, according to the agency’s Oct. 2 press release. The fixed cost adjustment, a mechanism that allows customers to receive a rebate when the utility’s revenue surpasses costs and incur a surcharge when…

Michigan Regulator Approves $7.6 Million in Second Round of Refunds From Federal Tax Cut Savings

The Michigan Public Service Commission on Sept. 28 approved settlements that will return a total of about $7.6 million under the second round of federal tax cut adjustments to electric customers of Alpena Power Co. and Upper Michigan Energy Resources Corp., and gas customers of Michigan Gas Utility Corp., Northern States Power, SEMCO Energy Gas…

Kansas Regulator Lowers Westar’s Electric Rates by $66 Million, Adds Demand Charge For Solar Customers Citing Cost Shifts

The Kansas Corporation Commission approved a settlement that lowers electric rates for customers of Westar Energy Inc. by $66 million annually, resulting in a $3.80 cut in monthly bills, according to a Sept. 27 press release. The settlement includes bill credits of about $50 million to reflect savings from the federal tax law that slashed…

Intermountain Gas Company’s Cost Adjustment to Return $24.5 Million to Idaho Customers

The Idaho Public Utilities Commission approved Intermountain Gas Company’s purchased gas adjustment that will lower gas bills by about 10 percent for residential customers and 11.9 percent for commercial customers on Oct. 1, according to a Sept. 26 press release. The annual adjustment reflects changes in the costs incurred by the utility to purchase, store,…

Ohio Regulator Slashes Dayton Power & Light’s Rate Hike by Half to Reflect Federal Tax Cut Savings

The Ohio Public Utilities Commission approved a settlement allowing Dayton Power & Light Company to raise its distribution revenues by $29.78 million annually, and set a rate of return of 7.27 percent, according to a Sept. 26 press release. The rates reflect savings under the federal tax law which slashed corporate income tax to 21…

FERC Cost Allocation Settlement For Transmission Projects Passes on $318 Million to Illinois Ratepayers

The Illinois Commerce Commission announced that Commonwealth Edison Company’s customers will see $318 million in benefits as a result of a settlement concerning the allocation of costs for transmission facilities in the PJM Interconnection LLC’s footprint, according to the agency’s Sept. 25 press release. The settlement, approved by the Federal Energy Regulatory Commission, is a…

One-Third of U.S. Households Faced Energy Insecurity in 2015: EIA

About 31 percent of U.S. households faced difficulties in paying energy bills or meeting their heating or air conditioning needs in 2015, a year when overall energy-related spending was the lowest in more than a decade, according to a Sept. 19 report from the U.S. Energy Information Administration. The statistics from the agency’s most recent…

Avista’s Cost Adjustments to Slash Gas Bills by 4.9 Percent For Idaho Customers

Avista Corporation’s purchased gas adjustment would lower gas bills by about 0.7 percent, according to a Sept. 18 press release from the Idaho Public Utilities Commission. The adjustment accounts for changes in costs incurred by the utility to purchase, store, and transport gas needed to serve its customers. Avista attributed the proposed rate decrease to…

NorthWestern to Pass $3 Million in Federal Tax Cut Savings to South Dakota Customers, Agrees to Two-Year Rate Freeze

The South Dakota Public Utilities Commission approved a settlement allowing NorthWestern Energy to refund $3 million in savings resulting from the federal tax reform that slashed the federal income tax rate to 21 percent from 35 percent effective Jan. 1., according to a Sept. 18 press release. The company agreed to a rate moratorium to…