Have 101 Utilities Cut their Rates Thanks to the GOP Tax Bill?

June 12, 2018

PolitiFact unpacks a tweet by President Donald Trump that indicated “101 utilities cut rates, credit GOP tax cuts.” They report that his statement, while mostly true, glosses over the role of energy regulations that mandate that utility savings be passed along to customers. It quotes Nicholas Institute for Environmental Policy Solutions faculty fellow Billy Pizer: “Rates are set by public utility commissions through rate-making processes that would clearly identify the reasons for the rate change, up or down.”