Nice Try

Nice Try

September 12, 1998 | By Keith Martin in Washington, DC

NICE TRY . . . PP&L lost an argument in a Pennsylvania court last month over whether it had to pay state gross receipts taxes on interest received from customers on late payments on utility bills. The state gross receipts tax applies only to revenue from “sales of electricity.” The utility argued that interest is not technically electricity revenue. The state supreme court disagreed.