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PUCO Says Utilities Must Return Tax Cut Proceeds To Customers

The Public Utilities Commission of Ohio has rejected legal arguments by the state's four electric utilities seeking to avoid returning proceeds from the federal tax cut to customers through rate reductions. 

The decision means American Electric Power, Dayton Power & Light, Duke Energy and FirstEnergy must continue to set aside all money from the tax cut until details about how rates will be lowered are provided. The utilities may appeal to the Ohio Supreme Court.

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