> [T]he bill establishes a default return on equity (ROE) at “the 10-year U.S. Treasury bond yield plus two percentage points.”
> The proposal would also eliminate the state’s nearly 6% gross receipts tax on electricity, requiring utility companies to pass on the reduction to consumers.
Now it's got to pass the Commonwealth Senate.
>> [T]he bill establishes a default return on equity (ROE) at “the 10-year U.S. Treasury bond yield plus two percentage points.”
>> The proposal would also eliminate the state’s nearly 6% gross receipts tax on electricity, requiring utility companies to pass on the reduction to consumers.
Now it's got to pass the Commonwealth Senate.
