New tax laws could mean lower utility bills for Mississippians - WLOX.com - The News for South Mississippi

New tax laws could mean lower utility bills for Mississippians

President Trump's new tax bill could mean monthly savings for Mississippians on their utility bills. (Photo source: File) President Trump's new tax bill could mean monthly savings for Mississippians on their utility bills. (Photo source: File)
MISSISSIPPI (WLOX) -

President Trump's new tax law could mean lower utility bills for Mississippians. The Mississippi Public Service Commission has asked the public utilities staff investigate possible rate reductions for customers now that utility companies will have lower federal tax bills thanks to the Tax Cuts and Jobs Act.

In President Trump's new tax law, the utilities' tax rate was reduced from 35% to 21%.

"Mississippi utility customers deserve to see their power and gas bills reduced when utilities’ costs are reduced," said PSC Chairman Brandon Presley in a statement. "These dollars rightfully belong in the hands of Mississippi’s working families and businesses."

“Simply put, this tax reduction means a rate reduction for ratepayers,” Southern District Commissioner Sam Britton said in a statement. “And keeping more money in the pockets of Mississippians is a good thing.”

The Public Service Commission regulates telecommunications, electric, gas, water and sewer utilities. The agency is charged with assuring that rates and charges for services are just and reasonable, that the service rendered is reasonably adequate, and that any facilities constructed or acquired are required for the convenience and necessity of the public.

Copyright 2018 WLOX. All rights reserved.

  • NEWSMore>>

  • It'll be a soggy Sunday across the coast

    It'll be a soggy Sunday across the coast

    Sunday, April 22 2018 8:29 AM EDT2018-04-22 12:29:55 GMT

    The WLOX First Alert Weather team is tracking another storm system that will bring the chance for scattered showers and thunderstorms Sunday.

    More >>

    The WLOX First Alert Weather team is tracking another storm system that will bring the chance for scattered showers and thunderstorms Sunday.

    More >>
  • Kids race across the finish line in annual Soap Box Derby

    Kids race across the finish line in annual Soap Box Derby

    Sunday, April 22 2018 7:52 AM EDT2018-04-22 11:52:55 GMT
    More than 40 kids participated in this year's Deborah Washington Memorial Soap Box Derby in Moss Point Saturday. (Source: WLOX)More than 40 kids participated in this year's Deborah Washington Memorial Soap Box Derby in Moss Point Saturday. (Source: WLOX)
    More than 40 kids participated in this year's Deborah Washington Memorial Soap Box Derby in Moss Point Saturday. (Source: WLOX)More than 40 kids participated in this year's Deborah Washington Memorial Soap Box Derby in Moss Point Saturday. (Source: WLOX)

    Clear skies greeted families Saturday in Moss Point at the 26th annual Deborah Washington Soap Box Derby after the event had to be postponed due to torrential storms last week. 

    More >>

    Clear skies greeted families Saturday in Moss Point at the 26th annual Deborah Washington Soap Box Derby after the event had to be postponed due to torrential storms last week. 

    More >>
  • Coast cities host Earth Day cleanups

    Coast cities host Earth Day cleanups

    Sunday, April 22 2018 7:41 AM EDT2018-04-22 11:41:15 GMT
    (Source: File)(Source: File)

    Earth Day is April 22 and community events are happening across the Gulf Coast this weekend to help clean up communities and be more environmentally-friendly. 

    More >>

    Earth Day is April 22 and community events are happening across the Gulf Coast this weekend to help clean up communities and be more environmentally-friendly. 

    More >>
  • Trending StoriesTrending StoriesMore>>

  • Woman loses home at auction to former attorney

    Woman loses home at auction to former attorney

    Saturday, April 21 2018 11:11 PM EDT2018-04-22 03:11:04 GMT
    Sunday, April 22 2018 5:23 AM EDT2018-04-22 09:23:15 GMT
    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney. (Source: KPLR/CNN)Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney. (Source: KPLR/CNN)

    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney.

    More >>

    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney.

    More >>
  • Delta passenger fined $500 for apple

    Delta passenger fined $500 for apple

    Saturday, April 21 2018 1:01 PM EDT2018-04-21 17:01:03 GMT
    Saturday, April 21 2018 6:45 PM EDT2018-04-21 22:45:42 GMT
    adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)

    Crystal Tadlock is not happy about the fine she said

    More >>

    Crystal Tadlock is not happy about the fine she said

    More >>
  • 4 dead, 4 injured in Waffle House shooting

    4 dead, 4 injured in Waffle House shooting

    Sunday, April 22 2018 5:55 AM EDT2018-04-22 09:55:32 GMT
    Sunday, April 22 2018 8:49 AM EDT2018-04-22 12:49:28 GMT
    Person of Interest Identified as Travis Reinking of Morton, ILPerson of Interest Identified as Travis Reinking of Morton, IL

    Four people were killed, and 4 others were injured in a shooting inside a Waffle House at 3571 Murfreesboro Pike. The shooting took place at approximately 3:30 a.m. Sunday. According to police at the scene, a white man who was naked except for a green jacket went into the restaurant and started firing. They described the gun he used as an AR-15. Police are still searching for him at this time. 

    More >>

    Four people were killed, and 4 others were injured in a shooting inside a Waffle House at 3571 Murfreesboro Pike. The shooting took place at approximately 3:30 a.m. Sunday. According to police at the scene, a white man who was naked except for a green jacket went into the restaurant and started firing. They described the gun he used as an AR-15. Police are still searching for him at this time. 

    More >>
Powered by Frankly