PPL Electric Utilities said recently that its customers would see additional savings due to federal corporate income tax reform in 2020.
PPL filed a petition with the Pennsylvania Public Utility Commission (PUC) on Nov. 26 to increase the reduction due to tax reform savings in the base distribution portion of customer bills. Customers first began to see tax reform savings on their bills in July 2018.
The most recent filing will return savings to customers for the period from Jan. 1 to May 31, 2018.
A typical residential customer using 1,000 kilowatt-hours a month will see savings of up to $6.50 per month on their distribution charges in 2020, up from the current $3.86 in savings, PPL said. A typical small-business customer using 1,000 kWh and 4 kW demand will save $5.18, an increase from $3.08.
The savings from the first six months of 2018 will end at the end of 2020. A new savings percentage will be calculated to begin in January 2021.