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Nuclear Fuel Casks Property Tax Case

Sector: Power Generation (CCGT) • Location: Lacey, New Jersey, United States

Source: Bloomberg Law

Project
Ongoing

Exelon Generation Co. is involved in a legal dispute regarding property taxes on 200,000-pound casks used for storing highly radioactive spent fuel from a nuclear power plant. The New Jersey Tax Court ruled that these casks are not movable property and are subject to taxation, despite the company's claims that the storage is temporary until the fuel can be moved offsite.

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Project Information

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The project “Nuclear Fuel Casks Property Tax Case” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Lacey, New Jersey, United States. Taiyo aggregates data on it from Bloomberg Law.

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ongoing

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Description

Description

Exelon Generation Co. is involved in a legal dispute regarding property taxes on 200,000-pound casks used for storing highly radioactive spent fuel from a nuclear power plant. The New Jersey Tax Court ruled that these casks are not movable property and are subject to taxation, despite the company's claims that the storage is temporary until the fuel can be moved offsite.

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High

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100%

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