Aqua Ohio Lowers Water Bills Due to Tax Cuts
By SCOTT GERFEN THISWEEKNEWS.COM Posted Jan 14, 2020 at 6:05 PM
Customers of Aqua Ohio, the state’s largest investor-owned drinking-water and wastewater utility, will see lower bills starting this month, the result of federal tax cuts.
In December, the Public Utilities Commission of Ohio authorized the company to credit customer bills based on the impact of the Tax Cuts and Jobs Act of 2017, which reduced the top corporate income tax rate from 35% to 21%.
Aqua Ohio, whose rates are regulated by the PUCO, will credit both water and sewer customers the amount it has overcollected, plus interest, since Jan. 1, 2018, under the previous corporate tax rate. The combined $4.8 million credit will be passed back to all customers over a 12-month period...click here to read more.