SALT LAKE CITY, Utah (KIFI/KIDK) - Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers. But, the company isn't sure how much or when.
"We strive to provide our customers reliable service while keeping rates low," said Cindy Crane, President and CEO of Rocky Mountain Power. "The benefit of this tax cut should be passed on to our customers — and we will work with our regulators and stakeholders on the best way to do that."
The utility said the full impact of the tax change will take several months to calculate and may require the approval of the Idaho Public Utilities Commission.
As a result, Rocky Mountain Power said it would take several months before the company will be able to offer proposals on how best to pass along any benefits from the federal tax law.