Legal Opinion
Freeport-McMoran Resource Partners v. County of Lake
California Court of Appeal
Decided January 19, 1993No. A055683PublishedCited by 17 opinions
1Opinion of the Court
Opinion
KLINE, P. J.
This case arises from a dispute regarding the property tax assessment of geothermal power plants owned by appellant Freeport-McMoran Resource Partners (Freeport). Appellant contends the county overvalued the property by basing its assessment on capitalization of the income stream of fixed price contracts under which appellant sells electricity to Pacific Gas and Electric Company (PG&E) at rates well above present market rates.
Statement of the Case and Facts
Under the Public Utility Regulatory Policies Act of 1978 (PURPA), 16 United States Code section 796 et seq., and…
2Cases cited14 opinions
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- BRET HARTE INN, INC v. City and County of San FranciscoCalifornia Supreme Court · 1976
- Roehm v. County of OrangeCalifornia Supreme Court · 1948
- ITT World Communications, Inc v. County of Santa ClaraCalifornia Court of Appeal · 1980
- County of Stanislaus v. County of Stanislaus Assessment Appeals BoardCalifornia Court of Appeal · 1989
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3Cited by17 opinions
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- Maples v. Kern County Assessment Appeals BoardCalifornia Court of Appeal · 2002
- Am. Sheds, Inc. v. County of Los AngelesCalifornia Court of Appeal · 1998
- SHC Half Moon Bay, LLC v. County of San MateoCalifornia Court of Appeal · 2014
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