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to serve new customers in Bona Venture Estates and Arvida’s
Weston development”.86
A 1986 BI No. 254, approved in late 1985, budgeted $900,000
to construct approximately 2.5 miles of single circuit, single
pole concrete 230-kV transmission line. The BI stated that it
was initially authorized for $600,000 in 1984 and that, at that
time, the line was under construction. The BI stated that this
expenditure was needed because of growth in the area from new
development and increased demand for electricity.87 ER No. 1332,
which references BI No. 254, authorized the expenditure of
$2,265,570 to construct approximately 7.5 miles of single pole
concrete 230-kV transmission line from the Hiatus substation to
the Melaleuca substation.
With respect to the installation of the Midway-Jensen-Crane
transmission line system, petitioner incurred capitalized costs
(tax basis) of $119,911 and $3,109,573 for equipment placed in
service in the 1989 and 1990 taxable years, respectively. With
respect to the installation of the Andytown-Lauderdale
transmission line, petitioner incurred capitalized costs (tax
basis) of $6,436,912, $545,188, and $16,707 for equipment placed
86 Mr. Sanders testified that this BI was for the Melaleuca-
Trace section of the Andytown-Lauderdale line.
87 Mr. Sanders testified that “This is another section of
the Andytown-Lauderdale number four line, the Hiatus Springtree
section.”
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