The Indiana Utility Regulatory Commission approved an agreement allowing Duke Energy to reduce electric rates.
It is estimated that by 2020, Duke’s 800,000 Indiana customers will see an average rate reduction of 5.6 percent. This means Hoosiers could save an average of $7.33 per month, or more than $85 a year in utility costs.
According to Duke Energy, reduced rates come as a result of the new federal tax law. While savings will vary from household to household, Duke has reported that most savings will begin this year and the utility has already started reflecting the lower federal tax rate in consumer bills.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
Yeah, we're still waiting for Delmarva Power to pass those savings on to the customers.
Yea never mind the exponential increase in the deficit as a result of these stupid tax cuts.
This is fake news. Nancy Pelosi said the tax long was going to destroy the country and it only benefits rich people. I believe everything she says.
delmar power has been raping their customers for years and the psc and maryland legislators are making bank off them!
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