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Finance & Tax
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Issues & Policy
Finance & Tax
Overview EEI represents investor-owned electric companies on industry finance and accounting issues, promoting sound business practices and regulatory policies and is leading efforts to ensure the financial well-being of the U.S. investor-owned electric companies and their investors while also representing the best interests of utility customers.
$110 Billion+ EEI member companies invest more than $110 billion each year to make the energy grid smarter, stronger, cleaner, more dynamic, and more secure. BBB+ The industry has maintained a BBB+ average since increasing from a BBB average in 2014. 93% of Companies In both 2018 and 2019, 93% of EEI member companies increased their dividend rate. ESG/Sustainability To better serve customers and investors, the Edison Electric Institute (EEI) and the American Gas Association (AGA) developed an environmental, social, governance, and sustainability (ESG/sustainability) reporting template, with the goal of helping electric and gas companies provide the financial sector with more uniform and consistent ESG/sustainability data and information. Wall Street Briefing In EEI's annual "State of the Industry" speech before the Wall Street financial community held on February 5, EEI leadership outlined the challenges and opportunities facing the electric power industry in 2020 and beyond. Topics discussed included the clean energy transformation, the electrification of transportation, customer solutions, infrastructure priorities, energy grid security, storm and wildfire response, tax reform implementation, ESG/sustainability reporting, and the current political and federal regulatory landscape.
Dividend Tax Rates Millions of Americans from all income levels and age groups own stocks that pay dividends. And dividends are an important component of shareholder value for the investor-owned electric utility industry. Today’s low dividend tax rates make dividend-paying companies, like electric companies, more attractive to investors. This helps to increase the value of utility stocks and lowers the cost of capital, which is critical for electric companies during this time of elevated capital expenditures. Millions of Americans from all income levels and age groups own stocks that pay dividends. And dividends are an important component of shareholder value for the investor-owned electric utility industry. Today’s low dividend tax rates make dividend-paying companies, like electric companies, more attractive to investors. This helps to increase the value of utility stocks and lowers the cost of capital, which is critical for electric companies during this time of elevated capital expenditures. On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, which prevented the nation from going over the “fiscal cliff.” As part of this legislation, dividend tax rates, which would have reverted to ordinary income tax levels in 2013, were kept low and were permanently linked to the tax rates for capital gains.
The top tax rate for both dividends and capital gains is now 20 percent for couples earning more than $450,000 ($400,000 for singles). For taxpayers below these income thresholds, dividends and capital gains will continue to be taxed at the current rates of 15 percent and 0 percent, depending on a filer’s income level. [Starting in 2013, a 3.8-percent Medicare tax that was included in the 2010 health care legislation will be applied to all investment income for couples earning more than $250,000 ($200,000 singles).]
The continued low dividend tax rates remain important to the industry’s ability to attract capital for investment in emissions reduction, new transmission lines, distribution upgrades, and new generation in many power markets in the years ahead. Financial Review The EEI Financial Review is an annual report on the financial performance and strategic direction of the electric power industry. The report includes discussions of: industry-level financial results, stock performance, dividends, credit ratings, rate reviews, construction activity, fuel sources, business segmentation, as well as mergers and acquisitions. Electric Utility Industry Financial Data and Analysis EEI's Financial Analysis group tracks and analyzes a wide range of industry financial metrics covering the U.S. investor-owned electric utility companies. These companies include electric utility holding companies whose stocks are traded on major U.S. stock exchanges and other U.S. electric utility subsidiaries of non-utility or foreign companies.
Capital Expenditures
EEI Industry Capital Expenditures with Functional Detail (October 2020)
Quarterly Financial Updates (Select year/quarter) Credit Ratings: Data (Excel)Rate Review: Data (Excel)Stock Performance: Data (Excel)Rate Review: Data (Excel)Credit Ratings: Data (Excel)Rate Review: Data (Excel)Stock Performance: Data (Excel)Rate Review: Data (Excel)Credit Ratings: Data (Excel)Rate Review: Data (Excel)Credit Ratings: Data (Excel)Credit Ratings: Data (Excel)Stock Performance: Data (Excel)Credit Ratings: Data (Excel)Credit Ratings: Data (Excel)Credit Ratings: Data (Excel)Credit Ratings: Data (Excel)Stock Performance: Data (Excel)EEI Stock Index The EEI Index measures total shareholder return for the 40 publicly traded U.S. investor-owned electric utilities. The EEI Index is market cap-weighted and calculated on the final day of each quarter, covering both the year-to-date and trailing 12-month periods. The EEI Index is widely used in company proxy statements and industry benchmarking. Members-Only Resources Committees
Policy Committee on Finance
Determines and recommends policy in the areas of accounting and finance, rate regulation and competition, and taxes.
Accounting EAC
Has general supervision over the following areas: corporate accounting, property accounting and valuation, internal auditing, and accounting standards.
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