By Ryan Randazzo | The Republic
Arizona Public Service Co. wants to cut about $4.70 from the average residential customer’s monthly bill thanks to the tax changes that President Donald Trump signed into law last month.
The state’s biggest electric company announced the proposal Tuesday, and is seeking to have the reduction take effect in February.
In August, the company won approval for a rate increase averaging $6 a month on residential customers. That increase took effect that month and remains in place.
The company now wants to cut $119 million from its rates. The reduction would be a fraction of a penny for every kilowatt-hour of electricity used, and the adjustment would need to be reset in a year.