Trump tax reform has states hungry for lower utility bills

New York

IT'S been less than a month since the US Congress approved a sweeping tax overhaul and states are already chomping at the bit to get a piece of the action.

Regulators from Montana to Kentucky have ordered utilities to act now to ensure ratepayers share in the windfall from the tax bill signed into law by President Donald Trump that slashed corporate rates to 21 per cent from 35 per cent.