Commission votes unanimously in favor of AG’s December filing to return tax savings to customers
OKLAHOMA CITY – Attorney General Mike Hunter today applauded the Oklahoma Corporation’s Commission (OCC) for voting unanimously to require Public Service Company of Oklahoma (PSO) to return tax savings to customers.
The vote to refund tax savings to customers is the result of a case filed by the Attorney General’s Office in December, after enactment of the federal Tax Cuts and Jobs Act, requesting that the OCC ensure the windfall utility companies received from the federal income tax cut be returned to customers. At the time, commissioners asked utility companies to track the savings from the tax cuts.
“We are gratified by the corporation commissioners, who voted unanimously on our request to return the tax savings to PSO customers,” Attorney General Hunter said. “I appreciate the commissioners for studying this issue and doing what is in the best interest of rate payers.”