Trickle-Down Benefits Reduce Energy Prices

While there is much debate about whether the GOP tax plan will, in fact, provide economic benefits for employees and consumers in America, one clear benefit should be captured immediately: the reduction in utility rates from the reduction in the corporate income tax rate.

Utilities pay taxes like any other corporation, and they will see the reduction immediately. Yet their rates are based on costs that include the higher income tax rate. The corporate rate reduction from 35 percent to 21 percent is significant and should result in significant cost reduction to the utilities—gas and electric. They should be required to pass those savings on to customers immediately.

The last time the corporate income tax rate was reduced was in 1986, when President Reagan’s tax plan reduced it from 46 percent to 35 percent. The Federal Energy Regulatory Commission and every state in the nation directed their utilities to come in with rate reduction filings reflecting the reduced cost. The commissions in New England should do the same this time around.

Kudos to Massachusetts Attorney General Maura Healey for her petition to the Massachusetts Department of Public Utilities to do just that. She has also sought a reopening of the Eversource rate order issued just last month in order to incorporate the new tax rate. In that case alone, she estimates the impact as a net rate reduction of $50 million for eastern Eversource customers and a 50 percent reduction in the net rate increase for western Eversource customers that otherwise would have occurred as a result of the rate case.

In 1986, the utilities argued that this one cost component (i.e. tax liability) should not be isolated, and rates should not be reduced without looking at the totality of the utilities’ costs. For Eversource there is no such excuse; the tax rate reduction coincides with the conclusion of its full rate hearing. Even for the others, such excuses should not be tolerated. The DPU rejected those arguments back in 1986, and the same should be done again.

4 thoughts on “Trickle-Down Benefits Reduce Energy Prices”

    1. In Massachusetts, the Attorney General has petitioned the Department of Public Utilities (DPU) to open a generic docket to review the impact of the tax bill on the revenue requirements of the state’s utilities. This docket would assess how large of a rate reduction each utility should be making. Eversource Electric is a unique case. As the company has just finished a rate case, the DPU is able to more easily calculate the impact of the cut in the corporate income tax rate and pass those savings on to customers. Eversource and the Attorney General agree that the net impact of the rate case minus the corporate tax cut will lead to a $35.4 million rate reduction for NSTAR customers and a $16.5 million rate increase for WMECO customers, however there is ongoing debate over whether further reductions are warranted. It is expected that the rate reductions associated with the tax bill will occur either with the rate changes scheduled for February 1, or shortly thereafter.

      In Connecticut, the Public Utilities Regulatory Authority (PURA) has reopened the most recent rate cases for each of the state’s utilities so as to address the impact of the tax bill. CL&P currently has a rate case pending before the PURA, so the tax issue will be addressed in that proceeding.

      Rhode Island has not explicitly indicated how it will address the tax issue. However, in the open rate case for National Grid electric, the Public Utilities Commission (PUC) has asked the company to revise its revenue requirement to reflect the changes contained in the tax bill.

      At the federal level, 19 state attorneys general have petitioned the Federal Energy Regulatory Commission (FERC) to address the impact of the tax bill on the earnings of the utilities regulated at a federal level. For New England, this would most likely constitute a reduction in transmission rates. FERC has not indicated how it will act yet.

  1. abuse u

    Josh was harming her, Hence her strange (“being pregnant”) pain. On the night she been consumed, He gave her a large dose of it during the pancake dinner he had made. She coughed and/or put up, and in all likelihood urinated/defecated on the couch (Explaining the blood spatters on to the ground and the blood detected on the couch). She probably either died then or was at least depths of the mind. Josh used the RugDoctor to fix up the mess after moving her to the van. it looks like Susan reaction to that poison was unexpected to Josh, So his timeline got quick.

    Josh put the kids into the van and drove to that new neighborhood and tossed her into the dumpster (clearly show his rotator cuff injury. I think I read somewhere that Susan weighed about 110 120 pounds, And Josh was considered to be weak. Lifting something which is 120 pounds high up enough to be put into a dumpster could cause that injury easily.)

    He took the children “outdoor living” As an alibi and to throw court off his trail. As /u/davecawleycold remarked, Josh timeline works well with that Simpson Springs camping area, And Josh revealed seeing the sheep and the sheepherder saw the van. No doubt Josh was at hand.

    Did say about his mom staying that crystals and pretty flowers are, But I think he was probably dreadful other camping trips. Charlie also said his mom what food was in the trunk, But that is going to also make sense if she was in the trunk on the drive to the dumpster, not only for to the desert. Josh remark about hiding a body in the mines in the west desert was odd, But there’s no doubt that he (And leslie) Used to watch a lot of signifies that deal with forensics, and (at any rate to me) There is doubt regardless of if he planned on using that method of hiding a body or if he was just talking about stuff he had seen on a show. To get the money he would need her can be found.

    Creativetravels 23 points handed in 2 months ago

    This episode was so informative. The mind games the Powells are equipped for definitely gave me pause and makes me wonder how much Steve was or wasn involved. It does appear to be a good alibi to write so much in his journal, But some paradoxical “love” And disdain also comes along in this episode and the journal entries.

    If you look at the cold podcast website and read the journal entries, which ones are a bit longer than the voice overs, There is so much to Steve that is incomprehensive and leaving just enough doubt to still wonder.

    In one condition he states : “Josh told me about how she verbally abused them suggest that they may need to be to suffer the temporary pain and move on, straight, So Josh gets to play God and decide to end the lives of her and their boys so they would all need to be? extremely,

    He also publishes, “If Susan may not show up, And whether they’d like to connect her disappearance to Josh, I also wonder how I will switch with my music career, As he is my web master. Also stating that her parents “Mean not even attempt to me, Zero empathy or concern.

    He states that, “But it also occurred to me that it could turned out to be the biggest mistake of my life, Placing me in the same miserable situation as Josh has been in for years. So no matter what the painful loss, Susan’s death may well providential, How on God green earth is the woman death (And killing!) materialize at an opportune time, That not surprisingly gave me pause.

    He procedes to say, “I doubt ann is alive, And I doubt Josh’s sessions are clean. If he killed her, I wish he hadn’t. But she did treat him in a virtually schizophrenic way, And a person can take only so much, Way to blame the victim!

    emmanuel and Alina “Having no sympathy” For Susan just sound effects so harsh, just too, But again par for your loved ones.

    Susan truly had no chance all of the Powells. If it wasn her it could have been another woman. I hate to say that any woman trapped in the clenches of this family of men wouldn have made it out unscathed, But choosing good to come of this is maybe that there aren more Powell men to perpetuate the cycle. The sad the fact is that Susan and the boys didn deserve that fate.

    Noone of consequence 16 points submitted 2 months ago

    In a interview Dave did with the ‘cultural hall’ I believe he said he is not mixed up in LDS church. So it would be odd for him to frame it the way you are interpreting it.

    as somebody who left the LDS church I think it’s just a natural byproduct of this story. Two of most of the people leave the Mormon church, Steve who goes to jail for child sexually graphic, And Josh who murders his dearest and kids. the most recognized antagonists are Mormon apostates. There is just no way around that if recounting this story. And to leave the religious aspect away from story, The story would be rudimentary. while Josh and Steve emphasized it so much.

    Sortofheathery 16 points posted 3 months ago

    OMG the About Josh was clearly authored by him and he such a self aggrandizing douchey white boy. one of the best lines: ” The homeschooling experience was a great motivator for Josh, But preferred to attend school with his piers, This one whole session ” Him of the needless mediocrity of official academia, ‘!

    after which they there a humble brag, my husband “Rode a motorbike” Not simply because he so cool like that but also because he could spend less money on gas. hence punk. So great. Jeeze do the job,tactic kid who was either told too much or not often enough that he was special just the way he was.

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