That bill reduced corporate tax rates from 35 percent to 21 percent. And in a settlement with PSC staff, MDU is planning to reduce rates by about $5 a month on average for a residential customer using 980 kilowatt hours of electricity. That would take effect October first. In addition, MDU will give customers a one-time bill credit for rates charged after the tax bill became law, and before the new rates kick in. MDU says that would be around $28 for the average residential customer.

Continue reading