Press Release

PUC Approves National Fuel Gas Plan to Return Additional $3.8 Million in Federal Tax Savings to Customers

Published on 8/26/2021

Filed under: Gas

Savings from Federal Tax Cuts and Jobs Act of 2017 to be Refunded as Monthly Credit on Customer Bills

HARRISBURG – The Pennsylvania Public Utility Commission (PUC) today approved a plan submitted by National Fuel Gas Distribution Corporation (National Fuel Gas) to distribute tax savings associated with the federal Tax Cuts and Jobs Act of 2017 which had not been previously addressed.

The Commission voted 4-0 to approve a petition filed by National Fuel Gas to distribute $3,806,329.18 in tax savings and interest for the period of Oct. 1, 2017, through June 30, 2018. 

These accumulated tax savings will be refunded to National Fuel Gas customers as a “negative surcharge” – or credit – on monthly customer bills.  That is the same mechanism already being used by National Fuel Gas to return current and future savings from the federal tax cuts act.  The additional funds will be included in monthly bill credits starting October 1, 2021 and continuing for the next year.

The tax savings included in this National Fuel Gas petition accumulated before the PUC instituted a statewide process in 2018 to return utility tax savings to customers.  Per the Commission’s order, any utility that had not filed a base rate case on or before May 17, 2021, was required to submit a plan to address and return any tax savings that had accumulated before June 30, 2018.

About the PUC

The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.

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Docket No.: P-2021-3025909

Contact:

• Nils Hagen-Frederiksen
  Press Secretary
  717-418-2701
  nhagen-fre@pa.gov