Black Hills Energy Kansas natural gas customers receive bill credit reflecting lower corporate tax rate
Black Hills Energy’s natural gas customers in Kansas are receiving an annual credit on their January bills that reflect the federal corporate tax rate reduction from 35 percent to 21 percent.
The average residential customer will see a bill credit of $7.33 in January, in addition to small credits to the Gas System Reliability Surcharge and the Cost of Gas Adjustment. Kansas customers will receive a total annual benefit of approximately $11 on their energy bills. Customers first began seeing some benefits on bills last April.
The savings were calculated using the rate structure approved by the Kansas Corporation Commission (KCC). Because they are calculated based on customer type and usage, the benefits received will vary by customer and continue each year until the next rate adjustment.
“Our customers continue to see the benefits of the Tax Cuts and Jobs Act reducing the amount of corporate income taxes our company pays,” Jerry Watkins, general manager of Kansas natural gas operations for Black Hills Energy, said. “Our customers see higher bills during the winter heating season and these credits will reduce those bills slightly.”
The total cost savings related to the Tax Cuts and Jobs Act for Kansas customers is $1,718,203.
