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Wednesday, October 20, 2021

KCC Orders Kansas Gas Service To Pass Tax Break To Customers

Topeka – In an order issued this afternoon, the Kansas Corporation Commission (KCC) instructed Kansas Gas Service (KGS) to return just over $17.9 million in tax savings to its customers. For residential customers, that will mean a one-time bill credit of $22.78.

The savings resulted when the Federal Tax Cuts and Jobs Act (TCJA) reduced the corporate tax rate from $35% to 21% in January of last year. The KCC required utilities to track savings resulting from the tax cut and maintain those funds in a separate interest bearing regulatory account pending Commission review.

In a rate case filed in June, KGS asked to retain the accrued tax savings to offset its cost of service. The Commission determined that was not in the public interest and as today’s order states, “KGS has provided no evidence that returning the regulatory liability to its customers will endanger KGS’s health and viability in providing reliable, sufficient and efficient service”.

Today’s order can be viewed on the Commission’s website at: http://estar.kcc.ks.gov/estar/ViewFile.aspx?Id=baeb37be-b6f3-42cb-a812-9236b52a11d5

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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