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Kansas Ag News Headlines |
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KCC to Investigate Federal Tax Reform on Utilities
Kansas Ag Connection - 01/19/2018
The Kansas Corporation Commission approved a motion to open a general investigation to examine the effects of Federal Income Tax reform on the revenue requirements of Kansas public utilities. The motion was filed by KCC Utilities
Division staff last month in anticipation of tax law changes.
Included in the investigation is an order requiring utilities to track savings resulting from the federal tax cut and maintain those funds in a separate interest bearing regulatory account. During the course of the investigation, the KCC will evaluate the savings on a
case-by-case basis to determine the impact on each company's rates.
The order is the first step in the process to address an issue of importance to ratepayers and utilities.
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