About Us > Press Room > 2018 > Elizabethtown Gas to Pass $10.9 Million Savings from Federal Tax Reform Law to Customers


Elizabethtown Gas to Pass $10.9 Million Savings from Federal Tax Reform Law to Customers

UNION, N.J. – April 12, 2018 – The New Jersey Board of Public Utilities (BPU) has approved a reduction of Elizabethtown Gas’ distribution rates totaling $10.9 million, effective April 1. The reduction stems from the Tax Cuts and Jobs Act of 2017, which lowered Elizabethtown Gas’ annual tax expense – a savings Elizabethtown Gas’ firm natural gas customers in New Jersey will benefit from.

“Every customer deserves reliable energy at a price they can afford,” said Brian MacLean, president of Elizabethtown Gas. “The benefits of the new tax law will lower costs for the company, which we are pleased to share with our customers.”

Elizabethtown Gas filed the rate reduction with the BPU to recognize the benefits of the federal tax reform law, including the lowering of the federal corporate income tax rate from 35 percent to 21 percent. Elizabethtown Gas’ firm customers will benefit from the $10.9 million decrease; an average residential customer using 100 therms per month will see a bill decrease of approximately $3.37.

Later this year, Elizabethtown Gas will issue a one-time lump sum refund for firm customers’, including residential, commercial and industrial, usages during the period Jan. 1 through March 31, inclusive of interest, as directed by the BPU. The refund is to account for the time between when the federal tax reform law took effect, Jan. 1, and when the BPU-approved rate reduction became effective. For more information, visit elizabethtowngas.com/rates-and-tariff.

About Elizabethtown Gas
Elizabethtown Gas is one of seven natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Elizabethtown Gas provides natural gas delivery service to approximately 286,000 residential, business and industrial natural gas customers in New Jersey. In operation since 1855, the company serves parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. Elizabethtown Gas focuses on delivering world-class service to its customers every day, and was ranked highest in customer satisfaction with residential natural gas service in the east among midsize utilities, three years in a row, by J.D. Power and Associates. Elizabethtown Gas also is committed to economic growth and development in New Jersey and was recognized in 2016 with the Economic Impact Award by the Supplier Diversity Development Council. For more information, visit www.elizabethtowngas.com and connect with the company on Facebook (Facebook.com/ElizabethtownGas) and Twitter (Twitter.com/etowngas).

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 southerncompanygas.com.

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