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Good news for Duke Energy customers.When you open your energy bill this month, you could see a credit.Duke says natural gas customers will get a one time account credit of $133 this month as the result of a recent settlement and order from the public utilities commission of Ohio. The good thing is, you don’t have to do anything to get the credit — it will automatically be applied to your account. The settlement agreement resolves proceedings related to Duke Energy Ohio’s 2013-2019 expenses for environmental remediation of manufactured gas plants, and the implementation of the Tax Cuts and Jobs Act (TCJA) of 2017.“Our approval of the settlement agreement is good news for Duke Energy Ohio’s natural gas customers,” Commissioner Dennis Deters said in a statement. “As the utility’s costs go down due to lower tax rates, so do customers’ bills. Today’s settlement is doubly exciting as not only will customers receive a large bill credit but will avoid additional charges for environmental cleanup.”What it means is many of Duke Energy’s residential natural gas customers will see a one-time bill credit of $133. Non-residential customers will see a credit based on consumption.Roughly $85 million in customer costs will be eliminated by the credits.The settlement also means bills will be lower for customers moving forward because of lower tax rates.“We’re pleased with the Commission’s approval of this settlement, which will benefit our natural gas customers in Ohio through bill credits and a rate reduction,” Amy Spiller, president, Duke Energy Ohio & Kentucky said in a statement. “Because of global events, energy costs remain escalated for our customers. While we continue to share helpful resources with our customers, this settlement will bring direct financial relief to all of our natural gas customers beginning in June. This complex agreement also provides discrete funding to support our low income and qualifying senior customers who have been disproportionately impacted by the last two years.”
Good news for Duke Energy customers.
When you open your energy bill this month, you could see a credit.
Duke says natural gas customers will get a one time account credit of $133 this month as the result of a recent settlement and order from the public utilities commission of Ohio.
The good thing is, you don’t have to do anything to get the credit — it will automatically be applied to your account.
The settlement agreement resolves proceedings related to Duke Energy Ohio’s 2013-2019 expenses for environmental remediation of manufactured gas plants, and the implementation of the Tax Cuts and Jobs Act (TCJA) of 2017.
“Our approval of the settlement agreement is good news for Duke Energy Ohio’s natural gas customers,” Commissioner Dennis Deters said in a statement. “As the utility’s costs go down due to lower tax rates, so do customers’ bills. Today’s settlement is doubly exciting as not only will customers receive a large bill credit but will avoid additional charges for environmental cleanup.”
What it means is many of Duke Energy’s residential natural gas customers will see a one-time bill credit of $133. Non-residential customers will see a credit based on consumption.
Roughly $85 million in customer costs will be eliminated by the credits.
The settlement also means bills will be lower for customers moving forward because of lower tax rates.
“We’re pleased with the Commission’s approval of this settlement, which will benefit our natural gas customers in Ohio through bill credits and a rate reduction,” Amy Spiller, president, Duke Energy Ohio & Kentucky said in a statement. “Because of global events, energy costs remain escalated for our customers. While we continue to share helpful resources with our customers, this settlement will bring direct financial relief to all of our natural gas customers beginning in June. This complex agreement also provides discrete funding to support our low income and qualifying senior customers who have been disproportionately impacted by the last two years.”
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