Massachusetts Utility Companies Ordered to Lower Rates Because of the GOP Tax Bill Massachusetts Utility Companies Ordered to Lower Rates Because of the GOP Tax Bill – NTK Network

Massachusetts Utility Companies Ordered to Lower Rates Because of the GOP Tax Bill

These lower rates come despite Elizabeth Warren's ardent opposition to the GOP tax bill.

By NTK Staff | 02.05.2018 @2:00pm
Massachusetts Utility Companies Ordered to Lower Rates Because of the GOP Tax Bill

More Massachusetts residents could soon see lower utility bills as a result of the GOP tax bill following an order issued by Massachusetts Attorney General Maura Healey. These lower rates will come despite Sen. Elizabeth Warren’s (D-MA) ardent opposition to the bill.

Healey petitioned the Massachusetts Department of Public Utilities (DPU) two days before the GOP tax bill was signed into to law to investigate reducing utility rates.

DPU opened an investigation into lowering rates on Friday and, “ordered electric, gas, and water companies to determine new rates, so consumer bills are adjusted to reflect the corporate tax cuts approved by Congress in December.”

Eversource, a utility provider in Massachusetts, already announced that it would be reducing customers’ rates starting in February as a result of the GOP tax bill.

The Boston Globe reported:

“The DPU on Friday asked Eversource to reconsider its bills to adjust them in relation to two specific aspects of the tax cut by May 1.”

“Other companies that could soon be adjusting their rates include electric utilities run by Unitil and National Grid as well as gas and water businesses. Because they don’t pay federal income taxes, municipal utilities would be unaffected.”

“This is a huge victory for ratepayers who deserve the benefit of this major tax break for utilities,” Healey said in a statement on Friday. “We look forward to seeing these rates adjusted promptly and are glad that the Department correctly recognized its obligation to ensure that customers receive these savings.”

After Eversource announced that it would be reducing it’s customer’s rates, Warren applauded the company but still bashed the GOP tax bill for its “giant giveaways to big corporations.”

As a result of the GOP tax bill, more than 300 companies are “offering employees higher wages, expanded insurance and retirement benefits.”

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