Missouri Public Service Commission

01/03/2018 | Press release | Distributed by Public on 01/03/2018 18:01

PSC Opens Working Case Regarding the Effects of the 2017 Tax Cuts on Missouri Regulated Utilities

FOR IMMEDIATE RELEASE -- January 03, 2018
Contact:
Kevin Kelly (573) 751-9300
PR-18-80

JEFFERSON CITY---
The Missouri Public Service Commission has opened a working case to investigate the effect the recent federal tax cut legislation will have on the revenues of Missouri's regulated utilities. On December 22, 2017, the Public Service Commission Staff (PSC Staff) filed a motion asking the Commission to open a proceeding. The PSC Staff 'is concerned that the reduction in federal tax obligations may mean that existing rates over-compensate the utilities for cost of paying taxes and that as a result, those rates may become unjust and unreasonable,' said the Commission's order.

In a separate motion filed on December 27, 2017, the PSC Staff asked the Commission to direct Missouri's electric corporations, natural gas corporations and Missouri-American Water Company to respond to a number of questions. In today's order, the Commission has directed the above utilities to provide responses to those questions by January 31, 2018. Anyone else wishing to respond to the questions is invited to do so.

The Commission has directed the PSC Staff to file, by February 15, 2018, a report summarizing stakeholder input and providing recommendations for the development of a prompt plan of response designed to ensure that Missouri public utility rates are just and reasonable.

This case (AW-2018-0174) will serve as a repository for documents and comments. Using this case, any person with an interest in this matter may view documents and may submit comments or documents. This is not a contested case so anyone may file a comment without legal counsel and without ex parte constraints. Intervention requests are not necessary to submit comments or view documents.

The public is welcome to submit comments by forwarding electronic communications through the Public Service Commission's Electronic Filing and Information System (EFIS) or by mailing written comments to the Commission.

You may submit electronic comments at the Commission's website (www.psc.mo.gov). Once at the website, click on the Submit Comments link on the right side of the page. Please refer to File No. AW-2018-0174.

Written comments in hard copy should be addressed to the Missouri Public Service Commission, P.O. Box 360, Jefferson City, Missouri 65102. Please refer to File No.AW-2018-0174.