| |
| | Oregon Judicial Department - Publications |
 | | Taxpayer is entitled to use the Intertie under a form of contract called a "Capacity Ownership Agreement." The Department of Revenue (Department) ruled, and the Tax Court agreed, that taxpayer's right to use the Intertie was subject to taxation. |
 | | Under that agreement, plaintiff received 50 megawatts (MW) of transmission capacity for the physical life of the Intertie, in exchange for a lump sum payment of approximately $10.75 million in advance (1) and a promise to pay a proportionate share of the Intertie's operating, maintenance, and replacement expenses. |
 | | Johnson, 265 Or 544, 510 P2d 344 (1973), (5) its interest in the Intertie is not the type of property that is taxable under ORS 307.060. |
| www.publications.ojd.state.or.us /S45799.htm (3101 words) |
|