Many Louisiana users of electricity will see a series of rate reductions over the remainder of 2018 as a result of the Tax Cuts and Jobs Act pushed by President Trump and approved by Congress in late 2017 without a single Democrat vote.
A press release today (April 21, 2018) by Entergy Louisiana states that, under an agreement approved by the Louisiana Public Service Commission, the first of the reductions will occur in May as a result of $210 million in federal tax reform-related savings. Further savings to customers will be seen over the coming months and years.
“Along with customer refunds, tax reform also helps provide us the ability to invest in modernizing our system for the benefit of customers while maintaining some of the lowest rates in the country,” Phillip May, president and CEO of Entergy Louisiana said.
Will similar savings be experienced by customers of other energy providers?