Although competition is in its infa...

Although competition is in its infancy in the electric utility industry, power companies have convinced tax assessors across the political division that their generating plants have thrown away value. If and when competition works the way it is suppos to, residential utility consumer may diocese lower rates, but communities that have armed forceed large, expensive utility plants will take it upon the chin in their possessions tax bills.

abundant of today's debate centers onward how utilities should be compensated for investments that become "stranded" subordinate to a competitive system. However, the cities, counties and states whose tax bases are being clobbered are getting les air time.

Perhaps the in the greatest degree notorious case has been in the Shoreham-Wading River academy District, the town of Brookhaven and Suffolk shire N.Y., where Long Island Lighting Company luckily argued that it had been over-charged $11 billion in exclusive right taxes for the never-operational Shoreham nuclear power plant.