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Dominion Va. Power's local taxes nearly $142M

Thursday - 5/30/2013, 9:30am  ET

RICHMOND, Va. (AP) -- Virginia localities received nearly $142 million in tax payments from Dominion Virginia Power in 2012.

The company says its tax payments increased about $10 million from 2011.

Localities assess the annual taxes on the company's real estate, property and power-related assets. These include buildings, power stations and transmission lines.

The Richmond Times-Dispatch reports that cities received about $35 million in tax payments. Dominion Virginia Power paid about $105 million to counties and more than $1 million to towns.

The largest payments went to Surry and Louisa counties, about $12.8 million each. The company's nuclear power plants are located in the two counties.

Fairfax County received about $11 million and Prince William County received more than $9 million.

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Information from: Richmond Times-Dispatch, http://www.timesdispatch.com


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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