Duke Energy Corp. has reached a settlement with the Wyoming Department of Revenue on the company’s appeal of its property-tax valuation for four wind farms.
The settlement, approved in December by then-Gov. David Freudenthal and the Wyoming Department of Revenue, reflects adjustments to the state’s assessed values of the wind farms at Duke’s Top of the World Windpower Project near Casper.
In its appeal, Duke contended that wind turbines ordered for the 200-megawatt project but not yet delivered as of Dec. 31, 2009, shouldn’t have been included in the company’s property tax assessment.
Because the Top of the World project was built and put into commercial operation in 2010, Duke Energy will instead pay property taxes on the assessed value of those turbines as part of its 2011 tax bill.
The settlement, approved in December by then-Gov. David Freudenthal and the Wyoming Department of Revenue, reflects adjustments to the state’s assessed values of the wind farms at Duke’s Top of the World Windpower Project near Casper.
In its appeal, Duke contended that wind turbines ordered for the 200-megawatt project but not yet delivered as of Dec. 31, 2009, shouldn’t have been included in the company’s property tax assessment.
Because the Top of the World project was built and put into commercial operation in 2010, Duke Energy will instead pay property taxes on the assessed value of those turbines as part of its 2011 tax bill.
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