Comments on: Will Idaho Utilities Share Fed Tax Break?

By: Easterner

Easterner — Fri, 19 Jan 2018 19:38:58 +0000

A reduction from 35% to 21%. Sure the math says 14, but the tax will be “reduced by 40%”.

As in, 21 is 40% less than 35.

If your income was $35,000 and dropped to $21,000 you would say, “My income dropped 40%”.

Corporations got a 40% reduction in the deal not 14%.

Idaho Power company pays over half their profits into dividends, that yield has been increasing in recent years. That still leaves A LOT of cash- WAY more than their tax bill. If Directors (or IPUC) wanted to keep rates lower while maintaining financial stability for the utilities, they could have easily done that for past years.

Prediction:
No reduction in rates, no credits for accounts, but NO increases in the near future either.

Flat. Unless you are an over-paid employee of the utilities or own their stock. Stock price goes up and the dividend payout increases to keep pace.

For Idaho Power, that tax savings ought to be somewhere between 12 – 18 million. Easy to absorb that amount into exec bonuses, deferred comp plans, and morsels for the employees- “we have to be competitive to attract top employees.”

By: Story Idea

Story Idea — Fri, 19 Jan 2018 01:12:23 +0000

LOL, Share with who? Internally, at high levels, you bet.

No doubt they will send us a colorful bullshit letter with the next bill explaining how they used the tax windfall to hire an additional bullshit letter writer.

By: chicago sam

chicago sam — Thu, 18 Jan 2018 21:45:14 +0000

With revenues of over 1 Billion from electricity sales and total income taxes last year of 34 million (state and federal) as shown on their statements a reduction to the individual account is going to be almost invisible altho every little bit helps. getting rid of the subsidy’s for alternative energy contracts would have far more effect.
This is for Idacorp. only.

By: rabula

rabula — Thu, 18 Jan 2018 20:20:16 +0000

It’s all in the accounting.