PUC Approves Utility Plans to Return Tax Savings to Customers

The Pennsylvania Public Utility Commission (PUC) approved plans submitted by several utilities to distribute accumulated tax savings associated with the federal Tax Cuts and Jobs Act of 201,7 which had not been previously addressed.

The Commission voted 3-0 to approve petitions filed by Peoples Gas Company, Pennsylvania Power Company (Penn Power), Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec) and West Penn Power Company to distribute tax savings that accumulated during the period of January 1, 2018, through June 30, 2018, along with and interest.

Under the plans...