Power Resources Cooperative v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiff, a centrally assessed utility, appealed the assessed value of its property for the 1996-97 tax year. It claimed that its interest in an electrical transmission grid is exempt from taxation. Defendant denied the claim and Plaintiff appealed to this court. This matter is now before the court on cross motions for summary judgment and stipulated facts.

FACTS

Originally organized as Pacific Northwest Generating Cooperative (PNGC), Plaintiff is an electrical cooperative with some 13 members. In 1992, Plaintiff entered into a “Power Purchase Agreement” with the Turlock…