If you paid more than $10 in income tax to Salem last year, congratulations! You paid more tax than PGE! 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."
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. [ Read More ]