Electricity Customers to Save Billions but Not in Ohio

Even U.S. Speaker of the House Paul Ryan on his website celebrates the savings that will flow to electric utility customers as a result of the Tax Cuts and Jobs Act of 2017. But not in Ohio, at least not yet.

While some utilities may have softened their resistance in recent months to sharing the wealth with their customers, the proceedings continue to plod along while utilities in many other states have already made plans to pass along the savings.

Last week the OMA Energy Group filed a brief in support of the PUCO’s ongoing investigation into the tax reductions. Its deferral order is essential to ensure that customers ultimately receive the full benefit of the tax savings created by the tax reform effective January 1, 2018.