SD Energy Consumers Could See Rate Reduction After Feds Cut Corporate Tax
South Dakota energy consumers could see a reduction in utility rates as a result of the new federal tax law. President Donald Trump signed the tax bill into law on Friday, Dec. 22, cutting the corporate tax rate from 35 percent to 21 percent.
Investor-owned utilities could be required to pass those savings along to their customers. The South Dakota Public Utilities Commission has set a hearing for Dec. 29 to give state utilities an opportunity to comment. SDPB's Victoria Wicks has more.