NRG Wholesale Generation LP v. Lori P. Kerr

ISHEE, JUSTICE, FOR THE COURT:

¶ 1. The main issue presented by this case is whether NRG Wholesale Generation's proffered expert used an acceptable method to determine the "true value" of its power plant in computing ad valorem tax. NRG's expert used a mixture of the sales-comparison approach, the income approach, and the cost approach to determine the true value of the facility. Lori P. Kerr, the tax assessor for Choctaw County, and Choctaw County, Mississippi (collectively, the "County"), contend that Mississippi law mandates a trended historical cost-less-depreciation approach to calculate…