LANSING, Mich. (AP) – Michigan regulators are ordering 13 utilities to study the impact of new federal tax cuts and how savings will be passed along to consumers through lower electric and gas bills.

The order was issued Wednesday during a special meeting called by the Michigan Public Service Commission.

Utilities have until Jan. 19 to file comments with the state on how they propose to return savings to customers.

Commissioner Rachael Eubanks says utilities will likely see a “significant” reduction in federal taxes, and their response to the state will “provide broader input regarding the appropriate avenue for how to extend benefits to customers.”

Commissioners want the savings calculated from the effective date of the federal law, which is next Monday.

 

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Places To See Indie Rock In DetroitIt's called Detroit Rock City for a reason.
Guide: Best Barbecue In Metro DetroitSometimes, nothing hits the spot like good barbecue.
Best Ice Cream Shops In Metro DetroitIt's getting warm outside! Take advantage of it.

Watch & Listen LIVE