ELR Citation: ELR 20731
No(s). s. 00-1221, -1535 (8th Cir. Jun 14, 2001)

The court holds that an electric utility company that was a 70% owner of a nuclear power plant in Iowa can deduct 15 years' worth of Energy Policy Act (EPACT) assessments in the tax year that the liability was determined. In 1992, Congress enacted the EPACT, which established a fund for the decontam...