Power companies and the states where they do business say consumers will see lower utility rates due to the tax law from congressional Republicans and President Donald Trump that went into effect Jan. 1.

The Republican tax law reduced the federal corporate tax rate from 35 percent to 21 percent. Utility companies say they want their savings to benefit consumers, although few specifics on changes to typical bills are available.

Adam Michel, policy analyst for economic studies at The Heritage Foundation, told The Daily Signal that the benefits of the tax cuts to utilities may go beyond lower rates for consumers.

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