Edison Electric Institute

Congress Needs To Stop A Dividend Tax Hike for All Americans: EEI

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For the tens of millions of Americans who own dividend-paying stocks – either directly, or indirectly through mutual funds, pension funds, life insurance policies, and 401(k) plans – it’s time to take notice of an important tax law that’s set to expire at the end of this year. Unless Congress acts, the maximum tax rate on dividend income is set to skyrocket from 15 percent to as high as 43.4 percent – a nearly 190 – percent increase. The top tax rate on capital gains, meanwhile, will rise from 15 percent to a maximum of 23.8 percent.

Keeping tax rates on dividend income low and on par with the tax rates on capital gains is important for all Americans. With time quickly running out on today’s tax rates, we encourage you to join a national grassroots advocacy campaign dedicated to stopping a dividend tax hike-Defend My Dividend (www.DefendMyDividend.org). The campaign is sponsored by Edison Electric Institute and a wide variety of associations, organizations, and companies who have a stake in this issue, along with the support of their members, employees, retirees, and shareholders. Keep reading →

 /  Published April 5, 2012 at 3:30 PM

Energy Companies Pitch For Skills Of Returning Veterans

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A man stands in front of a windmill exhibit inside the Andrew Mellon Auditorium that is filled with an internactive and computer-operated show floor and stage for GE’s four-day event ‘American Competitiveness: What Works,’ February 13, 2012 in Washington, DC. As part of its ‘Hire Our Heroes’ program, General Electric says it will hire 5,000 veterans over the next five years and invest $580 million to expand its aviation business.

Faced with a need to fill more than 100,000 skilled jobs over the next eight years, US energy companies are working to attract veterans returning from Iraq and Afghanistan with the experience needed in an industry that needs a large-scale upgrade in its infrastructure. Keep reading →

 /  Published February 22, 2012 at 11:15 AM

Dodd Frank Complexities Heighten Energy Trading Impact Fears

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Will financial system regulatory reforms make energy price hedging costly – or impossible?

That was the question experts grappled with – and disagreed over – at the National Association of Regulatory Utility Commissioners (NARUC) meeting in Washington, DC this week. Keep reading →

 /  Published February 8, 2012 at 3:30 PM

Wind Industry Seeks Payroll Tax Lifeline For Renewable Energy Aid

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The US wind industry, seeking to prolong its decade-long construction boom, wants renewable energy subsidies added to any deal between Congress and the White House that extends a payroll tax cut through the rest of this year.

“This is our best chance to get this done,” says John Purcell, a vice president at Leeco Steel, a Chicago-area company that makes the steel used in wind-turbine towers. “It’s today, it’s this payroll tax cut bill.” Keep reading →

 /  Published February 8, 2012 at 11:30 AM

Winter Energy Saving Tips Help Cut Costs And Keep You Warm

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With the warmth of spring months away and parts of the U.S. getting battered by winter weather, maintaining your home in the cold is crucial. There are several easy, but important steps you can take to not only make sure your home stays warm, but also to help cut down on heating costs. As an added benefit, making your home heating more efficient will also help to save energy, which is better for everyone in the long run. Be sure to also check out these tips on purchasing energy efficient light bulbs. This article is a linkout.

 /  Published December 29, 2011 at 10:15 AM

Power Prices Could Soar On Four Trillion Dollar ‘Perfect Storm’

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Utility customers face a “perfect storm” of sharply higher bills for electricity and natural gas because trillions of dollars in capital expenditure will be needed to upgrade aging US infrastructure and comply with environmental rules, according to the new head of America’s utility regulators’ association.

David Wright, incoming president of the National Association of Regulatory Utility Commissioners, predicted ratepayers will bear the brunt of huge expenditure needs for such improvements as installing smart grid technology, controlling power station emissions, and replacing old pipelines over coming decades. Keep reading →

 /  Published December 22, 2011 at 8:00 AM

EPA Utility MACT Rule Released: Coal Plants Set For Closure As Blackout Risks Cited

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Santa arrived a few days early for environmentalists, but the coal industry is getting Scrooge.

The Environmental Protection Agency released its Utility MACT rule on Wednesday, issuing a controversial order to slash mercury and other hazardous emissions from coal-fired power plants. By 2016, all plants must emit as little mercury as the best 12% do today, lowering national emissions 90%. Keep reading →

 /  Published December 21, 2011 at 4:00 PM
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