The Kansas Corporation Commission has told Kansas Gas Service to return just over $16.6 million in tax savings to its customers. KGS serves Junction City.
This will be a one time bill credit of $21.06.
The savings resulted when the Federal Tax Cuts and Jobs Act reduced the corporate tax rate from 35 percent to 21 percent in January of last year. The KCC required utilities to track savings resulting from the tax cut and maintain those funds in a separate interest bearing regulatory account pending commission review.