Dominion to pass on tax savings

The Utah Division of Public Utilities has announced a filing from Dominion Energy to pass on to customers $17 million in savings due to recent tax federal tax reform legislation. A release from the division said that consumers will begin seeing the adjustment in their gas bills over the next few months.

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Savings resulting from $2.5 million in infrastructure cost reductions will benefit consumers immediately and the remaining $14.5 million in savings will follow the utility’s gas cost filing later this spring, the division said. The average consumer will see a relatively minor savings of 49 cents per year with the initial reduction, according to Dominion’s filing with the division.

“Ever since federal tax reform legislation was passed, our Division of Public Utilities has been working closely with the Public Service Commission and utilities to determine the best method to pass on tax savings to Utah customers. Consumers should begin seeing lower gas bills soon and our division will continue to ensure other tax cuts reach customer bills as quickly as possible,” said Chris Parker, division director.

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