Fiscal cliff dividend tax cap a win for utilities

摘要

Congressional approval of a fiscal cliff dealnon New Year’s Day was applauded Jan. 2 bynWall Street with strong market gains. For dividend-npaying utility companies, among thenmost outspoken opponents of the schedulednloss of the 15% investment tax rates,nwhich were scheduled to expire at the endnof 2012, it was a distinct win.