Tax Reduction to be Returned to Utility Customers

In good news for manufacturers, the Public Utilities Commission of Ohio (PUCO) rejected legal arguments from the state’s four electric utilities challenging the PUCO’s authority to examine the impacts of the reduction in corporate income tax on utility rates, saying American Electric Power, Dayton Power & Light, Duke Energy and FirstEnergy – and all regulated companies – must continue to set aside all money from the tax cut until plans are made to return funds to customers. 5/31/2018