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excitation system at Martin Unit No. 1. ER No. 9337, approved in
1986, authorized the expenditure of $1,215,000 to install a high
initial response excitation system at Port Everglades Unit No. 4.
ER No. 9329, approved in 1986, authorized the expenditure of
$970,000 to install a high initial response excitation system at
Turkey Point Unit 4. ER No. 9326, approved in 1986, authorized
the expenditure of $1,185,000 to install a high initial response
excitation system at Turkey Point Unit 1.
With respect to the equipment relating to the Southern
company supply contract and the interchange contract, petitioner
incurred capitalized costs (tax basis) of $39,605,571,
$2,648,789, and $1,169,866 for equipment placed in service in the
1988, 1989, and 1990 taxable years, respectively.
I. Integrated Transmission Line Systems
FPL claims ITCs for components added to the Midway-Jensen-
Crane transmission line system in the 1989 and 1990 taxable
years. FPL also claims ITCs for components added to the
Andytown-Lauderdale transmission line system in the 1988, 1989,
and 1990 taxable years.
In 1983, FPL filed an application for corridor certification
under the Florida Transmission Line Siting Act proposing the
Midway-Jensen-Crane 230-kV transmission line. The transmission
line supported the entire load in this particular area of
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