NAPERVILLE, Ill. – Jan. 15, 2018 – Nicor Gas plans to file testimony with the Illinois Commerce Commission (ICC) seeking approval to pass along tax reduction savings to its 2.2 million natural gas customers in Illinois. If the new program is approved, Nicor Gas will begin providing a credit to lower customers’ bills.
The tax savings are the result of a new federal law, the Tax Cuts and Jobs Act, which was signed into law Dec. 22, 2017, and decreased the corporate tax rate from 35 percent to 21 percent. This tax reduction, coupled with other provisions impacting the way that natural gas utilities calculate their federal income tax liability, is anticipated to produce tangible savings, which will benefit Nicor Gas customers this year.
“Every customer deserves reliable energy at a price they can afford,” said Melvin D. Williams, Nicor Gas president. “The benefits of new tax law will lower costs for the company, which we are pleased to share with our customers.”
About Nicor Gas
Nicor Gas is one of seven natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.2 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of Atlanta-based Southern Company (NYSE:SO), America’s premier energy company. Southern Company Gas serves approximately 4.6 million natural gas utility customers through its regulated distribution companies in seven states and more than 1 million retail customers through its companies that market natural gas and related home services. Other nonutility businesses include investments in interstate pipelines, asset management for natural gas wholesale customers and ownership and operation of natural gas storage facilities. For more information, visit Southern Company Gas at www.southerncompanygas.com.
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