Energy

PSEG warns of ‘fiscal cliff’ dangers to utilities

Utilities are among the nation's biggest dividend-payers, and since 2003, the Internal Revenue Service has taxed corporate dividends at the same rate as capital gains — currently, 15 percent. But tax parity is set to expire at year's end, part of the looming "fiscal cliff" that will trigger massive tax hikes and budget cuts,...

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BPU defers action on JCPL rates

Jersey Central Power & Light won't have to justify its rates before the Board of Public Utilities for at least another month, but the state's second-largest utility already is defending itself in the court of public opinion.

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