Utility Can Deduct Nuclear Decommissioning Costs, IRS Rules

By Jaqueline McCool · March 19, 2020, 12:17 PM EDT

An electric utility corporation that owns a nuclear power plant is eligible to deduct nuclear decommissioning costs, the Internal Revenue Service has said in a private letter ruling.

In PLR-115120-19 (PLR 202012004), which...

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