Massachusetts Regulators Order Utilities to Lower Rates After Tax Cut - NECN
Massachusetts

Massachusetts

The latest news from around the state

Massachusetts Regulators Order Utilities to Lower Rates After Tax Cut

    processing...

    NEWSLETTERS

    Real Estate Deals
    Twitter/Nstar-News

    State regulators are ordering Massachusetts utilities to lower their rates to reflect the reduction in the federal corporate tax rate approved by Congress.

    The Department of Public Utilities on Friday instructed the utilities to account for any revenues associated with the difference between the previous and current federal corporate tax rates.

    The agency also ordered the utilities to submit by May 1 their proposals to lower their rates to incorporate the reduction in the federal corporate tax rate.

    Democratic Attorney General Maura Healey called the DPU decision "a huge victory for ratepayers" and said the agency had agreed with her office that all utility companies in Massachusetts must use the corporate savings from this federal tax bill to lower rates for customers.

    WATCH: Roaring California Fire Spins Up Waterspout

    [NATL] WATCH: Roaring California Fire Spins Up Waterspout

    A raging wildfire in Blythe, California, spun up a waterspout in minutes in footage captured by Chris Mackie on July 15, 2018.

    (Published 2 hours ago)

    Eversource had already agreed to lower their rates.

    Get the latest from necn anywhere, anytime

    • Download the App

      Available for IOS and Android