North Dakota electric customers to benefit from Tax Cuts and Jobs Act
BISMARCK, N.D. – March 9, 2018 – Montana-Dakota Utilities filed proposed lower electric prices with the North Dakota Public Service Commission to account for the impact of the Tax Cuts and Jobs Act. The company has calculated a $7.2 million benefit to North Dakota electric customers.
On average, a residential customer will see their monthly bill lowered by $3.65. The lower prices will be effective upon PSC approval. Based on the date of PSC approval, customers also will receive a refund for the amount overpaid from January 1 to the date that new electric prices are set.
“Working through the financial impacts of the Tax Cuts and Jobs Act is a complex process. The result will be a reduction in the price customers pay for electricity in North Dakota,” said Nicole Kivisto, president and CEO of Montana-Dakota Utilities.
Media Contact: Mark Hanson at (701) 530-1093 or [email protected]
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