Missouri’s Largest Utility Is First to Pass Corporate Tax Cut on to Customers
Jason Taylor | Missourinet
Ameren Missouri is the first of the state’s regulated utilities to drop customer rates based on savings it’s receiving from a tax reduction.
Congress cut the nation’s corporate income tax rate from 35%-to-21% last December with the reduction taking effect January 1st. Ameren’s drop of customer rates to reflect its savings from the tax reduction started Wednesday.
The decrease is being implemented as part of far-reaching utility legislation passed this year in Jefferson City. Ameren says the drop of customer rates totals $167 million per year and will average out to $6.00 per month for residential customers…(Read the full story)