TransCanada Hydro Northeast, Inc. v. Town of Rockingham

¶ 1. Taxpayer TransCanada Hydro Northeast, Inc. appeals from a Windham County Superior Court order setting the value of its Bellows Falls hydroelectric facility (the facility) at $130,000,000, with $108,495,400 taxable by the Town of Rockingham (Town). Taxpayer argues that the superior court erred when it relied on testimony of the Town’s expert witness. We correct the trial court’s valuation to read $127,412,212, and affirm.

¶ 2. The facility, which has been in continuous operation since 1928, is one of five hydropower dams owned by taxpayer situated along the Connecticut River and is located…