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HB 2224

Coverage of HB 2224 in the Nexus archive.

Earliest in view: Jun 23 · 15:52 UTCMost recent: Jun 23 · 15:52 UTC
Co-mentioned in this coverage
Pennsylvania Houseorganization1Elizabeth Fiedlerperson1utility companiesorganization1Public Utilities Codetopic1reasonable returntopic1gross receipts taxtopic1
Recent coverage
  • POLITICSJun 23 · 15:52 UTCPENNSYLVANIA CAPITAL-STAR
    Pa. House passes $1.7B tax cut on electricity, reins in utility company profits

    The Pennsylvania House passed a $1.7 billion tax cut on electricity, capping utility company profits and eliminating a 6% gross receipts tax on electricity. The bill, HB 2224, aims to lower utility bills for consumers by establishing a formula for a 'reasonable return' on utility investments and introducing a competitive equity auction process.