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