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Post date: March 16 2018

A.G. Schneiderman Statement On FERC Decision Regarding Utility Rates

News from Attorney General Eric T. Schneiderman

FOR IMMEDIATE RELEASE
March 16, 2018

Attorney General’s Press Office / 212-416-8060
nyag.pressoffice@ag.ny.gov
Twitter: @AGSchneiderman

 

Today, New York Attorney General Eric T. Schneiderman issued the following statement after the Federal Energy Regulatory Commission (FERC) directed federally regulated energy companies to take action to lower transmission rates for federally-regulated utilities. That decision follows a bipartisan push by Attorneys General, state agencies, and consumer advocates urging FERC to ensure that public utility companies pass along savings from the new federal tax law to customers.

“Earlier this year, our bipartisan coalition of Attorneys General urged FERC to do the right thing and ensure that the new tax bill did not create a huge windfall for utility companies at the expense of regular families. This week, FERC agreed, which should result in lower rates for many consumers. This is an important step forward as we continue to fight to protect consumers in New York and across the country.”