PROVIDENCE, R.I. (AP) — National Grid says it’s reviewing its proposed rate hikes as a result of the new federal tax law.
WPRI-TV reports the state Public Utilities Commission has asked the company to recalculate how much of an increase it needs given that the new law cut corporate taxes. PUC spokesman Thomas Kogut says National Grid’s response is due Thursday.
The utility previously proposed increases of $41 million for Rhode Island electricity customers and $30 million for gas customers.
National Grid spokesman Ted Kresse said the company is reviewing the new law and its “expected benefits” to customers.
Most Read Nation & World Stories
- In Malibu, Woolsey Fire claims celebrities' homes
- France strikes back against Trump, emphasizing a lack of 'common decency'
- Guard troops search for more wildfire victims; 56 dead WATCH
- Police think Alexa may have witnessed a double slaying — now they want Amazon to turn her over
- Shot in the neck at 17, this is the trauma surgeon now leading doctors against gun violence and NRA
Massachusetts electric company Eversource announced last week it would reduce rates for customers in that state.
Rhode Island Democratic Lt. Gov. Dan McKee has asked National Grid to follow Eversource’s example and reduce rates.
Information from: WPRI-TV, http://www.wpri.com