Utilities to calculate tax savings; ratepayers could benefit
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January 11, 2018
BISMARCK, N.D. (AP) — North Dakota's Public Service Commission has ordered four public utilities to calculate savings from reductions in federal corporate income tax rates.
The three-member, all-Republican panel took the action Wednesday, with an aim of potentially returning some money to ratepayers.
The utilities involved are Montana-Dakota Utilities Co., Great Plains Natural Gas Co., Otter Tail Power Co. and Xcel Energy. The companies have until Feb. 15 to submit their calculations.
The Republican tax plan that President Donald Trump signed into law last month includes a reduction in the hig...
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