Attorney Lee D. Hoffman Comments on the Effect of Tax Reform on Utility Rates

Attorney Lee D. Hoffman, chair of Pullman & Comley’s Energy and Environmental practices, was quoted in an article in the Hartford Business Journal, “As winter cold drives up energy bills, tax reform could take bite out of rising utility rates,” about Connecticut's Public Utilities Regulatory Authority (PURA)’s proceedings in January to determine how the tax windfall reaped by the state's electric, natural gas and water utilities — caused by the reduction of the federal corporate income tax rate from 35 percent to 21 percent — would be returned to customers.

According to Lee, because Connecticut can’t  compete on price with states that have and use coal or have access to large-scale hydropower, it has made a decision to promote cleaner energy, which is more expensive, and thus "Something like this is really the best we can hope for right now, absent a more regional or global look at how we're handling our energy costs."

To read the full article on the Hartford Business Journal website, please click here.