Dominion Energy passes $17 million in federal tax cuts onto consumers
(KUTV) - As a result of federal tax cuts, Dominion Energy is passing on $17 million in savings to its consumers.
The Utah Division of Public Utilities announced that the energy company filed January 31, 2018, for the multi-millions in adjustments that enables customers to get a break on their gas bills.
According to the Division of Public Utilities, Utah utility customers will begin seeing savings from federal tax reform over the next few months.
A press release stated that the first wave of cuts should take effect in the next 30 days, providing $2.5 million in savings on infrastructure.
“Ever since federal tax reform legislation was passed, our Division of Public Utilities has been working closely with the Public Service Commission and utilities to determine the best method to pass on tax savings to Utah customers. Consumers should begin seeing lower gas bills soon and our Division will continue to ensure other tax cuts reach customer bills as quickly as possible,” stated Chris Parker, Division Director, in a press release.
Additional reductions will follow Dominion Energy’s gas cost filing later this spring. The Division is working with other agencies to immediately reduce base rates to customers by $14.5 million more, the press release stated.