Tax Cuts and Jobs Act of 2017
FERC approved Duke Energy’s rate settlement with two co-ops to reflect lower corporate taxes enacted during the Trump administration.
FERC partly rejected Order 864 compliance filings by NorthWestern, Duke Energy and PacifiCorp regarding changes caused by the Tax Cuts and Jobs Act of 2017.
Stakeholders endorsed PJM’s proposed solution to update the value of capital recovery factors at last week’s MRC meeting.
PJM stakeholders at the MRC rejected two proposals aimed at addressing a dispute over black start units' capital recovery factor.
Stakeholders challenged PJM and its Monitor over updates to the RTO’s black start capital recovery factor table.
FERC denied KEPCo’s complaint that Westar Energy had twice violated its generation formula rate in assessing its own rates and federal income tax reduction.
FERC dismissed a Louisiana city’s complaint that Cleco Power collected excess revenue because its rates did not immediately reflect the 2018 tax cut.
FERC acted on tariff filings by more than a dozen transmission owners to correct how they calculate accumulated deferred income tax balances.
Transmission owners will be required to reduce their rates to reflect reduced corporate income taxes under a proposal issued by FERC.
FERC issued a final rule requiring natural gas pipelines to reflect the federal corporate income tax cut in their rates.
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