May 5, 1999 |
By
Keith Martin in Washington, DC
Utility asset divestitures may have the effect of increasing property taxes for independent power projects.
Edison Mission Energy won an auction to buy the Unicom assets in Illinois for just over $4.8 billion. Lobbyists for Commonwealth Edison are now urging that a cap of 20% be imposed on increases in assessed values for other generating facilities in the state.
