Electric Companies Fight Proposed Tax Rebate

posted by News Radio 1370 WSPD & 92.9-FM - 

(Columbus, OH) Ohio's four biggest electric companies are joining forces to push back against state regulators who want a large federal tax cut returned to customers through lower monthly rates. 

First Energy is among the companies fighting the PUCO on the order trying to give rate relief to utility consumers. The electric utilities argue the order lacks specifics and may violate a rule against retroactive utility refunds.

President Trump's tax bill affects utilities, because taxes are an expense passed along to electric customers. 

The way the PUCO sees it, if taxes go down, so should monthly electric bills.

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