Intrastate rate reductions reflecting tax savings

Any public utility, the maximum rates of which are fixed by the commission, shall reduce its intrastate rates to reflect any tax savings resulting from chapter 312 of the Public Acts of 1989. Such rate reduction shall be implemented contemporaneously with the effective date of the tax savings. Acts 1989, ch. 312, § 1; 1995, ch. 305, § 23; T.C.A. § 65-5-205. Any public utility, the maximum rates of which are fixed by the commission, shall reduce its intrastate rates to reflect any tax savings resulting from chapter 312 of the Public Acts of 1989. Such rate reduction shall be implemented contemporaneously with the effective date of the tax savings. Acts 1989, ch. 312, § 1; 1995, ch. 305, § 23; T.C.A. § 65-5-205.