Peco Energy Co. v. Commonwealth

OPINION

Justice BALDWIN.

This case involves the computation of tax under the Public Utility Realty Tax Act (“PURTA”) (72 Pa.C.S. §§ 8101-A-8109-A) 1 for PECO Energy Company (“PECO”) after the de-regulation of the electric market effectuated by the Electricity Generation Customer Choice and Competition Act, 66 Pa.C.S. §§ 2801-2812 (the “Act”). At its essence, this case centers on the meaning of the word “cost” as used in PURTA. PECO alleges that the plain language of PURTA indicates that the cost to be used is the cost “as shown by the books of account of a public utility.” 72 P.S. § 8101-A(4).…