Request Legal Help Now - Free

Advertisement
LAWSUITS NEWS & LEGAL INFORMATION

PG&E Property Tax

Los Angeles, CA: (Nov-29-07) Pacific Gas & Electric Co. (PG&E) brought a lawsuit against several counties, stating that they owed the company refunds on property taxes paid. PG&E sought refunds of nearly $2 million from Yuba County alone and $5.3 million from seven other counties. Sources claimed that in addition to Yuba County, Placer, Nevada, El Dorado, Mariposa, Butte, Plumas and Sierra counties were also named in the lawsuit. The lawsuit had challenged a California State Board of Equalization ruling that PG&E had a possessory interest in hydroelectric facilities in the eight counties where it buys power. Possessory interest is the ability to tax a private entity that occupies publicly owned land.

As part of a settlement reached, rather than pay lump-sum refunds to PG&E, the defendants agreed to decrease the overall property tax bill by $10 million over the next 10 years. Sources close to the case stated that it was hard to predict the kind of impact the deal will have. Officials stated that PG&E won't know if the property-tax settlement will result in rate reductions for customers until the state Public Utility Commission conducts a review. [APPEAL DEMOCRAT: PROPERTY TAX]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Dec-2-07


ADD YOUR COMMENT ON THIS ISSUE

Please read our comment guidelines before posting.


Note: Your name will be published with your comment.


Your email will only be used if a response is needed.

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free