Cincinnati, Ohio – Yesterday morning, Congressman Jim Renacci (R-OH) visited Duke Energy in Cincinnati to see the impact tax reform has had on their Ohio customers and to the energy industry in general, where at least 113 companies across the country have lowered utility rates due to the Tax Cuts and Jobs Act.
“Spending time with fellow Ohioans and companies affected by our monumental legislation is crucial to seeing the real-world positive implications of our pro-growth policies,” said Renacci. “It’s a great ‘bonus’ for all southern Ohioans as they see added savings and lowered utility rates as a result of this passage.”
Because of the Tax Cuts and Jobs Act and Duke Energy’s voluntary actions to pass through the savings to customers, Duke Energy Ohio’s nearly 700,000 electric customers are currently receiving over $26 million in savings on an annual basis.
For more than 180 years, Duke Energy Ohio, Duke Energy Kentucky and their predecessor companies have provided safe, clean, affordable and reliable electric and natural gas to customers in southwest Ohio and Northern Kentucky. There are nearly 2,300 employees and 2,800 retirees across the region, which encompasses more than 3,000 square miles.