Business | Nation

Electric Companies Surprising Winners In New Tax Package

NPR | Jan. 4, 2013 4:02 p.m.

Contributed By:

Elizabeth Shogren

Electric utilities are big beneficiaries of the new tax package. The Congress and President Obama decided not to increase taxes on dividends that some companies pay stock holders. The utility industry lobbied hard to make sure that this would be the outcome. That’s because if people had to pay more taxes on dividends, utility stock would look a lot less appealing. The companies stocks would take a hit and it would be harder for them to invest in big projects like new power plants and wind farms. Analysts say there’s no industry more sensitive to taxes on dividends.

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