Utility Rates To Be Reduced

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A reduction in what you pay to light, heat and cool your home is on the way. The amount of that reduction has yet to be determined.

In 1986 the corporate tax rate was cut from 48 to 34 percent. And because utilities pass on the taxes they pay into the rates that you pay…a tax break resulted in a rate decrease for customers.

The same will occur this year.

Executive Director of the Arkansas Public Service Commission John Bethel says initial figures from utility companies were submitted Monday. All rate reductions will be applied retroactively to January 1st.

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