- 3 -
Introduction
Some facts have been stipulated and are so found. The
stipulations of fact filed by the parties and accompanying
exhibits are incorporated herein by this reference.
Petitioner is a Delaware corporation with its principal
place of business in Kansas City, Missouri.
On December 17, 1987, UtilCo entered into a sale-leaseback
transaction with a Minnesota limited partnership, Topsham Hydro
Partners Limited Partnership (THP). THP owned a hydroelectric
facility in Topsham and Brunswick, Maine, on the Androscoggin
River, at the Pejepscot Mill Dam (the hydroelectric facility).
UtilCo purchased an undivided 50-percent interest in certain
assets (including real property) constituting the hydroelectric
facility (the undivided interest) and immediately thereafter
leased the undivided interest back to THP. Chrysler Capital
Corp. (Chrysler Capital) simultaneously purchased (and leased
back) the remaining undivided interest.
History of the Facility
Androscoggin Water Power Company
The Pejepscot Mill Dam originally was owned by a Maine
corporation, the Androscoggin Water Power Co. (AWP). In 1982,
AWP obtained a license from the Federal Energy Regulatory
Commission (FERC) to construct a hydroelectric generating
facility at the dam. In furtherance of that project, among other
actions, AWP entered into contracts for reconstruction of the
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011