In good news for Ohio utility customers, the Public Utilities Commission of Ohio (PUCO) ordered Ohio’s regulated public utilities to file applications to reduce their rates due to the Tax Cuts and Jobs Act of 2017 (TCJA).
The Commission ordered electric, natural gas, water and wastewater utilities whose rates are regulated by the PUCO and serve more than 10,000 customers to file an application by Jan. 1, 2019 to reduce rates.
In its order, the Commission noted a few utilities have already reduced certain riders, or adjusted base distribution rates through recently approved rate cases.
The Commission also stressed that utilities that fail to file an application to reduce rates in compliance with this order may be subject to monetary fines.
The OMA Energy Group intervened in this proceeding in order to ensure that members’ interests are protected and that the full benefit of the TCJA is passed back to customers, as required by law. 10/24/2018