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Friday, July 10, 2020

KCC Orders Kansas Gas Service To Pass Tax Break To Customers

Sports Headlines

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Derek Nesterhttp://sunflowerstateradiocom.wordpress.com
Derek Nester was born and raised in Blue Rapids, and graduated from Valley Heights High School in May of 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. After stops at KFRM and KCLY radio in Clay Center, he joined KNDY in 2002 as a board operator and play by play announcer. Derek is now responsible for the digital content of Dierking Communications, Inc. six radio stations. In 2005 Derek joined the staff of KCFX radio in Kansas City as a production coordinator for the Kansas City Chiefs Radio Network, which airs on over 94 radio stations across 12 Midwest states and growing. In 2018 he became the Studio Coordinator at the Cumulus Kansas City broadcast center for Kansas City Chiefs Football.

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

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