Watson Cogeneration Co. v. County of Los Angeles

Opinion

EPSTEIN, Acting P. J.

In this case, we conclude it was proper for the Los Angeles County Assessor to consider the actual income stream resulting from an above-market price government-facilitated power purchase agreement in the property tax valuation of an independent power plant developed and operating under that agreement. For this reason, we affirm the judgment in favor of the County of Los Angeles (County).

Factual and Procedural Summary

Appellant is Watson Cogeneration Company, an independent power producer which owns and operates a cogeneration power facility located within Atlantic…