Delaware tells utilities to cut rates by Early Spring

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You might be paying less on your power bill by Early Spring. The Delaware Public Service Commission approved a petition to lower utility rates for consumers in light of the new federal tax cuts. The order directs each regulated utility to estimate the impact of the new tax law on their cost of service and find ways to reduce rates to reflect those impacts by March of this year. Governor John Carney says, “this is about making sure Delaware consumers get a fair deal from their utility providers.” Delmarva Power, which recently filed applications for both electric and natural gas rate increases, agrees that the new tax laws should help lower rates. Delmarva will adjust its proposed increases in both of its pending rate cases.