United States Tax Court December 13, 2000, 5271-96 (FPL Group, Inc. v. Commissioner)

115 T.C. No. 38

UNITED STATES TAX COURT

FPL GROUP, INC. AND SUBSIDIARIES, Petitioner v.

COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 5271-96. Filed December 13, 2000.

F, a regulated electric utility, is a wholly owned

subsidiary of P. F is required to follow prescribed

regulatory rules for regulatory accounting and

financial reporting purposes.