Entergy puts trickle down into effect
Published 12:01 am Friday, June 29, 2018
Entergy recently announced it would be passing savings from the Tax Cut and Jobs Act on to customers.
The average residential customer will have a $12 per month rate reduction starting July 1 and lasting through September.
Further, the savings from a fuel reduction rate negotiated with the Mississippi Public Service Commission will continue the keep rates lower through February.
The savings come at the time utility bills will be higher due to the high summer temperatures, offering customers a nice savings when they need it most.
That is good indeed for residential Entergy customers.
Entergy is passing on its entire 14-percent corporate tax reduction — from 35 percent to 21 percent — to its customers for three months, Entergy spokesperson Mara Hartman said.Even if that reduction is for only three months, Entergy is being a good corporate citizen, and we appreciate the gesture.
Further savings from the tax reduction will be passed along to customers by avoiding rate increases associated with $1B in improvements to the electric grid Entergy has completed in the past few years.
Trickle-down economics has been a mantra for decades that has often proved to be empty rhetoric.
With corporations such as Entergy passing the tax cut savings on to its customers, trickle down could become a reality, but the tax reduction for corporations is permanent — at least as far as “permanent” can be in our form of government.
Hopefully, Entergy and other utility corporations will continue to find ways to pass the savings on to customers and make the tax cuts worth it to the people who make their businesses possible.
And that’s what the Tax Cuts and Jobs Act is really supposed to be about.