BISMARCK-North Dakota regulators ordered an investigation into how recently passed tax cuts will affect electric and gas utilities Wednesday, Jan. 10.
The Public Service Commission also asked for information about the impact of federal tax reform by Feb. 15 from Great Plains Natural Gas Co., Montana-Dakota Utilities Co., Xcel Energy and Otter Tail Power Co. The investigation was prompted by a cut in corporate income tax rates, as that tax is one factor in determining electric and gas rates.
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Public Service Commissioner Julie Fedorchak, a Republican, said the effort is an example of the benefits of the contentious tax law and will ensure savings are passed along to ratepayers.
