Tax Savings Passed on to South Central Power Members
July 24, 2018
As some of the year’s highest electric bills are hitting consumers’ mailboxes thanks to near-record heat this summer, South Central Power members are getting a one-time break on transmission charges that could decrease the average member’s July bill by around $10.
The bill reduction is a result of the recent Tax Cuts and Jobs Act, which federal lawmakers passed in late 2017. “Thanks to tax savings realized by our transmission provider, we received a credit of roughly $1.7 million toward our transmission costs,” said Allison Saffle, VP of member service for South Central Power. “We’ve passed those savings directly on to consumers, who will see them reflected in lower transmission charges on this month’s bills. Going forward, the impact of the lower tax rates will be passed directly on to consumers, who will see transmission costs lowered by roughly $1 per month.”
A member-owned, not-for-profit electric distribution cooperative, South Central Power delivers power to homes, farms and businesses across central and southern Ohio.