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Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

Enron Owes California $493,00 in Unpaid Taxes

LCG, Jan. 25, 2002--While Enron looks for a new chairman and prepares for numerous legal actions against it, California's Franchise Tax Board is thinking about the taxes the company has yet to pay.

A spokesman for the tax board, Patrick Hill, said that if the company does not pay its taxes by the spring, the board will issue a letter. The outstanding bill of $493,000 has gone unpaid since March 15, 2001. Enron avoided paying taxes to the federal government in four of the past five years, a New York Times reporter discovered.

Letters are sent by the board to 600,000 individuals and 20,000 businesses because of tax delinquency each year.

The measures that could be taken against the company include filing liens, seizing assets, or preventing the company from doing business in the state. About 10 percent of the taxes paid to California, or $4 billion, comes from businesses, Hill said.

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