NextEra Loses $98M Suit Over Tax Treatment Of Nuclear Waste

Law360, Miami (March 27, 2017, 10:15 PM EDT) -- NextEra Energy Inc. lost a bid for nearly $98 million in tax refunds related to required nuclear waste disposal fees it has paid over many years to the U.S. Department of Energy after a Florida federal judge rejected its claim the payments qualified as “decommissioning” expenses.

U.S. District Judge Robin L. Rosenberg closed the case with an order Wednesday granting the federal government summary judgment and denying a competing motion for partial summary judgment from NextEra and its subsidiary Florida Power & Light Co.

The case...
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