Board for the Assessment & Revision of Taxes v. Philadelphia Electric Co.

Opinion by

President Judge Bowman,

These are appeals by the County of Lancaster, two townships and two school districts from an order of the Court of Common Pleas of that county striking from the assessment rolls additional assessments made for the years 1965,1966 and 1967 against the real property of Philadelphia Electric Company (“PECO”) acquired by it for a project known as the Muddy Bun Pumped Storage Hydro-Electric Project which was under construction during the years in question. The case was factually stipulated.

In the fall of 1962, by purchase or condemnation, PECO began to acquire…