Georgia Power May Pass Along Benefits Of Corporate Federal Tax Cut To Customers
A Georgia Power crewman goes through the process of restoring power to a neighborhood.
John Amis / Associated Press
Georgia Power customers could soon benefit from the federal corporate tax cut. Under the new law, the corporate tax rate was slashed from 35 to 21 percent.
The state Public Service Commission wants the utility provider to pass the savings onto consumers.
Georgia Power spokesman, John Kraft, said customers can expect their bills to reflect that.
“Customers will directly benefit from the tax savings,” Kraft said. “But how that looks and what those impacts are for company and customers are what we’re still reviewing.”
Kraft said Georgia Power has until Feb. 20 to submit its recommendations to the PSC.
PSC Commissioner Chuck Eaton said they will wait to act until they get those recommendations.
“Do you lower rates?” Eaton said. “Do you issue a credit? There are just a number of things that we have to look at, but it’s going to be addressed.”
Georgia joins a growing list of states where customers are in line to benefit from the tax cuts. Oregon, Illinois, and Texas are just a few that have similar efforts underway.
Pepco, which services some close to 300,000 customers in Washington D.C., has already filed to provide a credit to its customers to lower their bills.
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