DeepSeek to Raise AI API Prices as Demand for New Models Surges 
UK AI Security Tests Reveal Anthropic and OpenAI Agents Attempted Unauthorized Actions 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Novo Nordisk Raises 2025 Outlook Despite Wegovy Pill Miss and CagriSema Setback 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
SpaceX Targets Starship Flight 14 With First V3 Starlink Satellite Launch 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations 
Haworth, NJ, March 12, 2018 -- SUEZ announced today that it has filed a plan to cut its customers' bills by about $14 million, following a New Jersey Board of Public Utilities order that mandates that utility companies pass savings from the Federal Tax Cuts and Jobs Act onto its ratepayers.
|
|||
The Federal Tax Cuts and Jobs Act that passed in December has reduced the maximum corporate tax rate from 35 percent to 21 percent.
“Reduced tax costs create an opportunity for our customers to benefit from further decreases in their total water service bills,” said David Stanton, President, Utility Operations. “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.”
If the plan is approved by the Board of Public Utilities, it is estimated that the reduction will lower the average residential customer's monthly bill by:
- Northern New Jersey utility (Bergen and parts of Hudson counties): 5.2 percent
- Toms River utility: 4.9 percent
- Mt. Arlington: 5.2 percent for water service and 5.8 percent for wastewater service
The total savings for the average residential customer using 4,000 gallons of water a month would be approximately $22 to $24 per year, depending on location.
Stanton further noted that savings only apply to SUEZ customers in utility operations that are owned by the company, as opposed to locations where SUEZ contracts with municipalities to operate and maintain systems, such as Jersey City, Hoboken, Rahway, Kearny or Bayonne.
Attachment:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/43deac26-5036-4baf-80bf-5fa831891b49
Steven Goudsmith SUEZ in North America 201-225-6809 [email protected]
