Tax reform has had transformative effect on businesses across the country. Regardless of size or structure, the reduced tax rates, added simplicity, and increased flexibility has had a net benefit for Main Street job creators. Skeptics need look no further than the ever-growing list of companies that reinvesting and offering bonuses to employees to see that the Republican tax plan is achieving the desired effect. Listed amongst the businesses that are giving back on the heels of tax reform are electrical utilities. At present, electrical utilities in 41 states, and more than 82.3 million customers nationwide have reduced rates on electricity. Consumers across the country are reaping the energy savings benefits of tax reform. The billions in tax savings to utility customers is providing significant infusions into the economy. More importantly, the tax cuts have had a cascading effect, empowering utility companies to track their tax savings and investigate ways to pass those on to customers. This week, state regulators in Ohio and Minnesota are petitioning utilities in their states to find savings, and in early March, Georgia Power and New Jersey Natural Gas announced rate reductions and refunds that counted in the billions of dollars in savings for ratepayers.  “Reduced tax costs create an opportunity for BGE customers to benefit from further decreases in their total energy bills,” said Calvin G. Butler Jr, chief executive officer of BGE in a January 2018 Baltimore Gas & Electric press release. For family businesses, lower electricity rates are great news, particularly for the inventory-rich, cash-poor enterprises that operate on slim margins. For these businesses, every dollar counts, and high, or volatile energy costs can be detrimental to prosperity. Conversely, lower, predictable energy costs result in savings that can be reinvested in the business. This means that business owners can hire more employees, invest in new equipment, and offer staff higher wages. A partial list of companies reducing energy prices is below:

  1. Alaska Electric Light and Power (Juneau, Alaska)
  2. Ameren Illinois (Chicago, Illinois)
  3. Arizona Public Service (Phoenix, Arizona)
  4. AVANGRID (Orange, Connecticut)
  5. Avista Corporation (Spokane, Washington)
  6. Baltimore Gas & Electric (Baltimore, Maryland)
  7. Black Hills Energy (Rapid City, South Dakota)
  8. Cleco Corporation. (Pineville, Louisiana)
  9. Consumers Energy (Jackson, Michigan)
  10. Dominion Energy (Utah)
  11. DTE Energy (Detroit, Michigan)
  12. Duke Energy Florida (St. Petersburg, Florida)
  13. El Paso Electric Company  (El Paso, Texas)
  14. Enstar Natural Gas Company (Anchorage, Alaska)
  15. Entergy Arkansas (Little Rock, Arkansas)
  16. Entergy Louisiana, LLC (New Orleans, Louisiana)
  17. Entergy Mississippi (Jackson, Mississippi)
  18. Eversource Energy (Boston, Massachusetts)
  19. Georgia Power (Atlanta, Georgia)
  20. Green Mountain Power (Colchester, Vermont)
  21. Gulf Power Company (Pensacola, Florida)
  22. Hawaiian Electric, Maui Electric, Hawai’I Electric Light (Honolulu, Hawaii)
  23. ITC Holdings Corporation (Novi, Michigan)
  24. Kansas City Power and Light (Kansas City, Missouri)
  25. Louisville Gas and Electric Company and Kentucky Utilities Company  (Louisville, Kentucky)
  26. National Grid (Waltham, Massachusetts)
  27. National Grid Rhode Island (Providence, Rhode Island)
  28. New Jersey Natural Gas (Wall, New Jersey)
  29. Northern Indiana Public Service Company (Merrillville, Indiana)
  30. NorthWestern Energy (Butte, Montana)
  31. Oklahoma Gas and Electric Company (Oklahoma City, Oklahoma)
  32. Oklahoma Gas and Electric Company (Oklahoma City, Oklahoma)
  33. Oncor Electric Delivery (Dallas, Texas)
  34. Pacific Power (Portland, Oregon)
  35. Pepco (Washington, DC)
  36. Public Service Company of New Mexico (Albuquerque, New Mexico)
  37. Rocky Mountain Power (Portland, Oregon)
  38. Spire Inc. (St. Louis, Missouri)
  39. The United Illuminating Company (New Haven, Connecticut)
  40. Tucson Electric Power Company (Tucson, Arizona)
  41. Upper Peninsula Power Company (Marquette, Michigan)
  42. Utility Services of Alaska (Fairbanks, Alaska)
  43. Vermont Gas Systems, Inc. (South Burlington, Vermont)
  44. WeStar Energy (Topeka, Kansas)

View full list of companies giving benefits here: