Source: NewsOk

Oklahoma Natural Gas: Oklahoma Natural Gas to pass through tax savings to customers

By Jack Money Business Writer jmoney@oklahoman.comAn order approved Tuesday by the Oklahoma Corporation Commission might help take a little chill off the state's winter nights.The order requires Oklahoma Natural Gas to pass through $22.7 million in credits to customers to compensate them for taxes collected as part of their bills the company didn't have to pay.Officials said those credits will compensate for the lowered tax liabilities that the utility enjoyed in 2018 after Congress approved and President Donald Trump signed the Tax Cuts and Jobs Act of 2017.Officials said the order requires the utility, a division of investor-owned ONE Gas, to provide $11.7 million in credits to its customers in Oklahoma in February.Read more on NewsOK.com

Read full article »
Est. Annual Revenue
$500M-1.0B
Est. Employees
1.0-5.0K
CEO Avatar

CEO

Update CEO

CEO Approval Rating

- -/100