Investor Presentaiton
U.S. Tax Reform - State Regulatory Update
Michigan
Alaska
D.C.
Virginia
Maryland
Commission
Action
Regulated utilities
have been ordered to
report how lower
taxes will benefit
customers
Regulated utilities
have been asked to
submit proposals on
how tax reductions
will be flowed through
to customers.
All regulated utilities shall track the impact of tax reform and provide for
appropriate accruals effective Jan 1, 2018. This included the revenue
requirement impact and the impact from the revaluation of the deferred tax
liability.
Company
Proposal
AltaGas has proposed
an immediate rate
reduction using last
filed rate case
calculated using the
new federal tax rate.
Adjustment to
deferred tax liability to
factor into next rate
case.
CINGSA proposed to
address the income tax
expense reduction impact
in its April 30 rate case filing
and adjustments to
deferred taxes to factor into
that rate case..
ENSTAR is expected to file
a revised tariff by the end of
April to pass on savings to
customers and adjustments
to deferred income tax to
factor into next rate case.
WGL has proposed an immediate rate reduction using the last filed rate
case calculated using the new federal rate. The impact of the revaluation of
the deferred tax liability has also been factored into the rate reduction.
Status
Michigan PSC has established expedited regulatory process to consider utility's proposals in order
to effectuate rate reductions to customers.
• Awaiting further action from the Regulatory Commission of Alaska.
AltaGas
See "forward-looking information"
Commission has
approved WGL's
submission
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