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> [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.
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[–] • 0 pt

“Tax cut” meaning they aren’t stealing that off electricity which was billed directly back to the user. And mark my words cost won’t go down tot eh end user. Electric co will just keep the difference.