Vectren Corp. says its natural gas customers in Indiana will save about $35 over 12 months, on average, as a result of the federal tax overhaul.
The company said the Indiana Utility Regulatory Commission on Tuesday approved the final phase of an agreement with various consumer groups to reflect decreases in natural gas rates as a result of the tax overhaul last year. A first phase was approved in June.
The tax overhaul reduced the corporate rate from 35 percent to 21 percent and made other changes to tax rules.
Vectren, which supplies gas or electric to more than a million customers in Indiana, ranks as the state's 13th-largest public company, with $2.4 billion in annual revenue. Its service territory covers nearly two-thirds of Indiana and about 20 percent of Ohio. Every county surrounding Marion County receives gas service from Vectren.