Falls Creek H.P. Ltd. Partnership v. Oregon Department of Revenue

CARL N. BYERS, Judge.

Plaintiff appeals the value of a small hydroelectric plant as of January 1,1990. The property is subject to central assessment as a utility under ORS 308.515. Accordingly, the market value sought includes intangible as well as tangible property. ORS 308.510.

The plant is about 25 miles east of Sweet Home near the South Santiam River in the Cascade Mountain Range. It includes a small dam which diverts the water from Falls Creek into a penstock. The penstock is an 8,000-foot-long pipe 30 inches in diameter at the dam and tapering to 16 inches at the base. Passing through the…