Dear Corix Texas Customer:
Corix Utilities Texas Inc. (Corix) is pleased to notify you that on August 30, 2019 it sought approval from the Public Utility Commission of Texas (Commission) to implement two credits to be effective for water and wastewater bills generated on or after September 30, 2019. The two credits are being provided as a way to pass along the estimated tax savings resulting from the federal Tax Cuts and Jobs Act of 2017 (TCJA) to customers without filing a rate case.
While the amount of the credits remains subject to final regulatory authority approval, Corix has proposed to implement the credits immediately as an interim rate so that customers may benefit from the credits as quickly as possible.
Corix has determined a one-time credit of $21.87 per equivalent residential connection (ERC) is necessary to capture the estimated tax savings resulting from the TCJA from August 30, 2018 through September 30, 2019.
This one-time credit will apply to both water and wastewater service. In addition to this one-time credit, Corix will issue a monthly credit of $2.02 per ERC to capture the estimated tax savings resulting from the TCJA going forward. This credit will remain in effect until new rates are approved in the Company’s next rate case, which the Company anticipates filing later this year. At that time, the Company will update its rates to reflect the current federal income tax rate and remove the credit from affected customers’ bills. The Company proposes that both credits be implemented for bills generated on or after September 30, 2019.
Persons who wish to intervene in or comment upon these proceedings should notify the Commission as soon as possible, as an intervention deadline will be imposed. A request to intervene or for further information should be mailed to the Public Utility Commission of Texas, P.O. Box 13326, Austin, Texas 78711-3326. Further information may also be obtained by calling the Commission at (512) 936-7120 or (888) 782-8477.
Hearing- and speech-impaired individuals with text telephones (TTY) may contact the Commission at (512) 936-7136. When discussing this proceeding, refer to Docket No. 49923. The deadline for comments or intervention in the proceeding is October 30, 2019.
You are also welcome to call Corix at 877-718-4396 if you have any questions about these credits. We thank you for the opportunity to serve you.
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