Delta Natural Gas customers to get monthly credit thanks to tax cuts
Delta Natural Gas customers will see lower monthly bills starting in October.
The Kentucky Public Service Commission (PSC) ordered Delta to give its customers monthly credit to reflect reduced federal corporate income tax rates.
The credit will come in two phases. In the first phase, the average residential customer using 5,000 cubic feet a month will get a monthly credit of $9.59. The PSC says this is a decrease of about 21 percent of the base rate costs. This first phase begins in October 2018 and ends in March 2019.
The second phase of monthly credit begins in April 2019. The average residential customer will then get a monthly credit of $3.84, about 8.5 percent of the base rate costs. This phase will continue until the next rate adjustment or federal tax laws change.
The PSC determined the amount of credit based on Delta's savings from the federal tax reduction that began January 1, 2018.
Delta serves about 39,000 customers in 23 central and eastern Kentucky counties.