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Pastimes : The California Energy Crisis - Information & Forum
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To: Raymond Duray who wrote (247)4/26/2001 7:23:07 PM
From: Daniel G. DeBusschere  Read Replies (2) of 1715
 
out of state sellers?
Consult your tax attorney. The state can get its hands on anyone that has a "nexus" in the state such as a place of business, etc.
If some energy trader sells electricity to the grid has only a $20/month office in Louisiana, I do not believe the bill applies in this case. Therefore, if MIR wholesales its energy that is produced in California with one of the plants that they bought from PG&E and for which the California PG&E ratepayers paid several times its original cost to John Duke energy broker/trader in Baton Rouge for $80/MWh, and then ol' Johnny resells the juice back to the California DWR for $1500/MWh then neither legal person is affected by the bill. Johnny gets his $1500 unless the DWR withholds the excess amounts which forces Johnny to file an out of state tax return asking for a refund or go to court. Again consult your tax attorney.
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