( Energy Regulators In Washington Have Acknowledged That Corporate Tax Cuts Should Be Passed On To Local Utility Customers, Backing A Coalition Of State Ratepayer Advocates Led By Massachusetts Attorney General Maura Healey.

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Federal energy regulators back Massachusetts attorney general on rate cuts tied to Trump tax bill Eversource workers conducting system repairs in Easthampton, Massachusetts. ( Energy regulators in Washington have acknowledged that corporate tax cuts should be passed on to local utility customers, backing a coalition of state ratepayer advocates led by Massachusetts Attorney General Maura Healey. The Federal Energy Regulatory Commission said Friday it would address revenue requirements for electric transmission, natural gas and oil pipelines under its purview, considering that the Tax Cuts and Jobs Act of 2017 cut the corporate income tax rate from 35 to 21 percent. The FERC issued show-cause orders to 48 transmission companies nationwide, signaled it would find which natural gas pipelines may be collecting "unjust and reasonable rates" and said oil pipeline costs will be addressed during an upcoming review, according to a March 15 notice. On Jan. 9, Healey and attorneys from 17 states  wrote to the federal commission seeking a review of utility costs, considering the tax cuts. "Unless the commission adjusts the public utilities' revenue requirements to reflect this federal corporate income tax reduction, utility customers nationwide will be overpaying for their electric and gas service by hundreds of millions of dollars," the letter stated. Healey's office first addressed the ratepayer issue Dec. 20 by petitioning the Massachusetts Department of Public Utilities to cut revenue requirements for  Eversource electric utilities to reflect the new tax landscape.

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