The federal tax cut bill could mean lower electric and natural gas rates.
That’s what the North Dakota Public Service Commission believes. The PSC has opened a formal investigation on the effect of the tax cuts on those rates.
Corporate tax rates went from 35 percent to 21 percent, effective January first.
The PSC will be asking Xcel Energy, MDU, Otter Tail Power and Great Plains Natural gas for information on how the tax cut will affect their finances.