Illinois Commerce Commission approves reduction rates of Nicor Gas distribution rates
The Illinois Commerce Commission (ICC) recently approved a $43.6 million reduction of Nicor Gas’ distribution rates, effective early May 2018.
The reduction stems from the Tax Cuts and Jobs Act of 2017, which lowered the federal corporate income tax rate from 35 percent to 21 percent.
“Every customer deserves reliable energy at a price they can afford,” Melvin D. Williams, president of Nicor Gas, said. “The benefits of the new tax law will lower tax expense for the company, and we are pleased to share that benefit with our customers.”
The typical Nicor Gas residential customer will see a monthly rate reduction of $1.73.
Nicor Gas is a natural gas distribution company of Southern Company Gas, a wholly owned subsidiary of Southern Company.
Nicor Gas serves approximately 2.2 million customers in a service territory that includes most of the northern third of Illinois, excluding the city of Chicago.
