U.S. Rep. Carol Miller (R-WV) on April 10 sponsored a bipartisan bill that would allow utilities to deduct repair costs from the Corporate Alternative Minimum Tax to ensure the companies would be treated more fairly.
The congresswoman introduced the Repair Expenditures Support Infrastructure, Labor Investment, Energy Needs, and Creates Equity Act of 2025, H.R. 2872, also known as the RESILIENCE Act of 2025, with lead original cosponsor U.S. Rep. Brad Schneider (D-IL) to require adjusted financial statement income to be reduced by the amount of certain deductions related to repair and maintenance of certain public utility property, according to the bill’s text.
“The Inflation Reduction Act picked winners and losers in energy production, and hard-working Americans suffered the most by having to pay more for everything, including utilities,” Rep. Miller said. “The Resilience Act of 2025 would fix the unfair tax treatment of utilities under the Corporate Alternative Minimum Tax by allowing regulated utilities to fully deduct repair expenditures.
“This bill would increase energy affordability for consumers and ensure tax fairness, ultimately creating a more resilient and reliable energy grid,” the congresswoman added.
“America’s natural gas utilities invest $37 billion each year in enhancing the safety and efficiency of natural gas distribution and transmission systems – these investments help us to deliver affordable, reliable, safe and cleaner natural gas and have lowered emissions from the natural gas distribution system by 70% since 1990,” said George Lowe, American Gas Association Vice President of Governmental Affairs and Public Policy. “This bill from Reps. Miller and Schneider will help to remove an important barrier for this type of strategic investment in America’s energy future and will help our industry to maintain affordability for American families and businesses while fueling innovation and growth for a stronger future.”
The Edison Electric Institute (EEI), American Electric Power, Exelon Corp., FirstEnergy Corp., and IBEW International also endorsed the proposed bill, which has been referred for consideration to the U.S. House Ways and Means Committee.