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PGE Stiffs State of Oregon and IRS *AGAIN*!

Yet more thinly-disguised tax fraud from the criminal corporation that provides most Portlanders with electricity!
From a Utility Reform Project press release. If you paid more than $10 in income tax to Salem last year, congratulations! You paid more tax than PGE! Let's take our electric utility away from these bastards and have an open and publically accountable People's Utility District that provides power at cost. Full details available at  http://www.oppc.net.

PGE STIFFS STATE OF OREGON AND IRS AGAIN ON 2003 1st QUARTER INCOME TAXES

PGE SENDS TO THE ENRON RATHOLE ANOTHER $21 MILLION IN TAXESPAID BY OREGON RATEPAYERS

On May 15, 2003, Portland General Electric Co. (PGE) revealed in its 1st Quarter 10-Q Report to the Securities and Exchange Commission (SEC) that PGE is again stiffing the State of Oregon and the federal government of all income tax payments.

The PGE report stated that, instead of sending any money to Oregon Department of Revenue or to IRS for the 1st Quarter of 2003, PGE sent $21 million of "income taxes" to Enron, which will not be paying any of that money to any government. PGE collected this money from Oregon electricity ratepayers. In fact, PGE is currently charging Oregon ratepayers $15.6 million for "state income taxes" and $77 million for "federal income taxes" for 2003. But PGE is not paying any of this money to the state or federal governments.

[...]

Since the Enron takeover of PGE in 1997, PGE ratepayers have now paid over $453 million to PGE to cover the alleged cost of its "federal income taxes" and over $93 million to cover the cost of its alleged "state income taxes," for a total of over $446 million. To date, there is no evidence that any of this money went to any government, except that PGE for 2002 paid $221,000 in federal income taxes in 2002 and $10 in state income taxes. For the 1st Quarter of 2003, PGE ratepayers paid to PGE $19 million for "federal income taxes" and $4 million for "state income taxes."

homepage: homepage: http://www.oppc.net

img 17.May.2003 15:28

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OLD NEWS..... 17.May.2003 22:36

media watcher

Several weeks ago this was discussed in a Southern Oregon legislative townhall meeting with Rob Patrich (R & corporate whore) and Lenn Hannon (R)... This report suggests this became public on May 15. Not So.

That said, The point of this post is right on! Oregonians are financially raped by tax expenditures with 45 cents out of each levied dollar given back through tax right offs and so-called incentives. For Corporations those incentives help them rape us again. A gang bang.

Meanwhile Lars Larson tells us differently every single day. And when you say it enough, Its true.

Enron paid-off politicians 18.May.2003 08:22

dan

The government which is suppose to protect us from corporations, is instead dependant on them for campaign contributions. The federal and state governments allowed the elimination of most of the regulations which protected us from the pyrimid schemes that pass for corporations these days. Public Utility Disttrict is a good idea. Let us also address the root cause, corrupt politicians. Campaign contribution limits and the elimination of soft money would go a long way toward that end.