The investor-owned electric utility sector supported the Republican-led tax overhaul last month, declaring it a “win” for consumers and for investment in the sector. But with new tax rates kicking in at the beginning of the year, states are letting utilities know they must be prepared to return those savings to consumers.
“These companies will begin seeing major savings,” Oklahoma AG Hunter said in a statement. “Oklahomans who are customers of these companies should immediately retain the benefits of the savings from the tax cut in the form of lower rates.”
