SUEZ to reduce customer rates in New Jersey beginning in April
Good news for SUEZ Water customers in New Jersey as the company says it plans to reduce your utility bills by about $14,000,000.00 which will lower monthly bills by approximately 5-percent effective April 1.
The company says this follows an NJ Board of Public Utilities order mandating utility companies bestow some savings onto their ratepayers from the Federal Tax Cuts and Jobs Act passed back in December which reduced the maximum corporate tax rate from 35 to 21-percent.
If the current plan is approved by the NJBPU, the average residential customer's monthly bill would be about 5.2-percent for Northern New Jersey utility (Bergen and parts of Hudson counties), 4.9-percent for Toms River utility and 5.2-percent for water service and 5.8-percent for wastewater service in Mount Arlington.
Depending on your location, SUEZ officials add that any resident using about 4,000 gallons of water a month could save about $22.00-$24.00 a year.
"Reduced tax costs create and opportunity for our customers to benefit from further decreases in their total water service bills," David Stanton, President of Utility Operations with SUEZ said. "We are pleased to provide these savings to our customers, while making sure we are making smart investments in the local water infrastructure to maintain safe, reliable and affordable service."
Shore Congressman Tom MacArthur, (NJ-3rd District) meanwhile, has been a strong proponent of the Tax Cuts and Jobs Act, which lowered the corporate tax rate, encouraging companies to invest more in infrastructure and front-line employees.
He wrote to the NJ BPU on January 23 and February 26 and followed up with calls to the BPU and Utility executives, urging that savings from the Tax Cuts and Jobs Act be passed directly to consumers and infrastructure improvement investments.
“This is yet another example of residents saving money, thanks to tax cuts,” MacArthur said. “Working families are seeing lower tax rates, bigger paychecks, and lower utility bills, which directly lowers the cost of living. The facts are catching up to the naysayers and residents are continuing to see more money in their pockets because we cut taxes in Washington - perhaps Trenton should try it sometime.”
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