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PGE’s $900 Million
Tax “Retention”
§Since 1997, PGE has charged us over $900 million for “federal and state income taxes” that neither PGE nor Enron has ever paid
§We continue to pay $93 million per year in these phony “income tax” charges
§SB 408 (2005) would have stopped these charges by PGE, but Oregon PUC (Dec. 2005) approved distribution of 30% of PGE stock, which defeats a 7% rate cut