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Tax Cut Prompts Eversource to Propose Rate Reduction.

Connecticut electric ratepayers can look forward to a rate reduction. Eversource tells Daily Ructions the utility will seek to pass savings it will realize from the recent federal tax cut to its Connecticut customers. The New England distribution giant is doing the same in Massachusetts.

Here’s a statement from Eversource spokesperson Tricia Modifica:

“We believe our customers should receive the benefits of the new tax law, so we’re working with PURA and the Office of Consumer Counsel to pass those savings along. The amount and timing of the rate reduction to customers will be decided in the pending rate review.”