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April 15, 2008
 As Americans rushed to file their federal income tax returns today, shareholders of electric and natural gas utility companies urged Congress to extend the federal law that allows them to keep more of their dividend income from the utilities' stocks.
Meanwhile, the Edison Electric Institute and the American Gas Association, the two associations that represent those utilities, released a new study showing that the 15‐percent maximum federal tax rate on qualified dividend income has benefitted a broad range of American utility shareholders, especially older citizens who depend on utility dividends for steady income. That rate, which was enacted in 2003, will sunset on December 31, 2010, unless Congress takes action to extend it, meaning the tax rate will increase for all shareholders.
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