PHOENIX – Starting with the July 2018 billing cycle more than 57,000 EPCOR wastewater customers will see reduced monthly bills as part of a refund the private utility company is passing on to customers from its federal corporate tax cut savings.
More than $1.1 million in tax reform savings will be passed on to EPCOR’s residential and commercial wastewater customers after the Arizona Corporation Commission (ACC) approved the EPCOR’s request to refund the money it saved in taxes.
“We are extremely pleased to help our wastewater customers save more than $1 million each year, and it’s important to us that we put this into effect as soon as possible,” commented Joe Gysel, President of EPCOR USA.
All residential wastewater EPCOR customers will receive the same monthly credit of $1.26 until new rates are determined by the ACC’s decision in the upcoming consolidation rate case slated for September. Residential customers will also see a one-time credit of $7.56 on their July bill.
“All our customers deserve to share in the savings generated by federal tax reform,” Gysel said.
The Tax Cuts and Jobs Act passed in December 2017 reduced the corporate tax rate from 35 to 21 percent, but EPCOR’s Arizona wastewater tax rate was set by the ACC in June at 34 percent. With the lower tax rate now in effect customers will receive the adjusted flat monthly credit until new rates are adopted, according to EPCOR.
“Tax reform saving for EPCOR’s water customers are being addressed as part of the current water consolidation rate case currently pending before the ACC,” an EPCOR press release stated regarding the refund.
Communities where EPCOR provides wastewater in Maricopa County include Anthem, Sun City, Sun City West, Verrado and portions of Glendale, Goodyear, Surprise, Waddell and Youngtown.