https://www.atr.org/thanks-tax-reform-utilities-are-lowering-rates?amp
Because utilities are regulated, they are only allowed to make a certain profit. When a cost goes down they are legally required to pass the reduction to the customer. And sometimes it can be retroactive.
I’m in the industry.
Under Cuomo - National Grid just raised their rates.
$3 billion here, $3 billion there, pretty soon we’re talking some pretty big money.
Impeach! Impeach! Impeach! /s
Because our electric power supplier wasn’t on the list,I’m pretty sure they would say there was “extra cost” involved that they didn’t pass on to the consumer. Yeah,”extra costs”= rounding out the city slush fund. Nothing but legalized thievery.