Judge rules against AEP in tax case; company plans to appeal decision

Federal District Court Judge James L. Graham, of the U.S. District Court for the Southern District of Ohio, ruled that the interest deductions claimed by AEP on its federal income tax returns were not allowable under applicable tax laws. The Internal Revenue Service had challenged the deductions.

VANCOUVER, B.C., Feb. 21, 2001 (BUSINESS WIRE)—Westcoast Energy Inc. (Westcoast) (NYSE:WE – news; TSE:W. – news) announced record net income applicable to common shares for the year ended December 31, 2000 of $340 million, compared with $222 million for 1999, an increase of 53%.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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