Utilities’ value up 4 percent over last year

Tuesday, Oct. 5, 2004 | 11:05 a.m.

SUN CAPITAL BUREAU

CARSON CITY -- The state Tax Commission on Monday certified the assessed value of Nevada's utilities at $1.9 billion, a 4.4 percent gain from a year ago. Assessed valuation is 35 percent of full cash value.

Bruce Gustafson, supervisor of centrally assessed properties in the department, said the assessed value of electric companies in Nevada was $1.1 billion, up 1.8 percent from a year ago; gas and pipeline companies rose 11.9 percent to $324 million; railroads at $104.6 million, up 14.8 percent; and telecommunications companies down 2.5 percent to $182 million.

Gustafson said Nevada Power Co.'s assessed value rose 5.1 percent to $579.4 million and Southwest Gas Corp. increased 4.9 percent to $159.1 million.

He said these utilities file appeals to the state Board of Equalization that meets in February.

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