Property Taxes

TABLE 12—ASSESSED VALUE OF PROPERTY ASSESSED BY THE STATE BOARD

OF EQUALIZATION, BY TYPE OF COMPANY, 2003-04

(In thousands of dollars)

Type of company / Assessed value
1 / 2
UNDER PROVISIONS OF SECTION 721 OF
THE REVENUE AND TAXATION CODE
Telephone and telegraph
Local exchange carriers ...... / $14,472,146
Interexchange carriers ...... / 6,981,559
Wireless carriers ...... / 6,013,327
Radio-telephone carriers ...... / 7,016
Subtotal ...... / $27,474,049
Gas, electric, and water ...... / 30,045,047
Electric generation facility ...... / 8,677,880
Intercounty pipelines, flumes, canals, ditches and aqueducts ...... / 1,304,709
Railcar maintenance facility ...... / 20,075
Railroad ...... / 1,723,774
Total ...... / $69,245,534
UNDER PRIVATE RAILROAD CAR TAX LAW
Private railroad cars ...... / $607,855
Grand total ...... / $69,853,389

TABLE 13—ASSESSED VALUE OF PROPERTY ASSESSED BY THE STATE BOARD OF EQUALIZATION

AND SUBJECT TO LOCAL TAXATION, BY COMPANY, 2003-04

(In thousands of dollars)

Name of company / Assessed value
1 / 2
TELEPHONE AND TELEGRAPH COMPANIES
AT&T Communications, Inc...... / $1,108,450
AT&T Wireless Services ...... / 340,933
AT&T Wireless Services (AB Cellular Holding, LLC) ...... / 586,551
AT&T Wireless Services (Bay Area Cellular Telephone Company) ...... / 368,442
Cingular Wireless (Pacific Bell Wireless, LLC) ...... / 549,095
Citizens Telecommunications Company of California ...... / 175,207
Comcast Phone of California, LLC (formerly AT&T Broadband Phone of California, LLC) ...... / 258,800
Level 3 Communications, LLC ...... / 391,392
MCI Metro Access Transmission Services, LLC ...... / 351,891
MCIWorldCom Network Services, Inc...... / 735,762
Metromedia Fiber Network Services, Inc...... / 205,480
Nextel of California, Inc...... / 505,567
Roseville Telephone Company ...... / 181,957
SBC Advanced Solutions, Inc. (SBC ASI/SBC ASI, P&L, L.P.) ...... / 506,340
SBC California (formerly Pacific Bell) ...... / 10,320,298
Seren Innovations, Inc...... / 158,282
Sprint Communications Company, L.P...... / 657,159
Sprint PCS (Sprint Spectrum L.P.) ...... / 490,337
Sprint Telephony PCS, L.P. (formerly Cox Communications PCS, L.P.) ...... / 690,794
Time Warner Telecom of California, L.P...... / 253,600
Verizon California, Inc...... / 3,582,702
Verizon Wireless (VAW), LLC...... / 179,234
Verizon Wireless (GTE Mobilnet of California, L.P.)...... / 332,229
Verizon Wireless (Los Angeles SMSA, L.P.) ...... / 734,041
Verizon Wireless (Sacramento Valley Limited Partnership) ...... / 169,684
WilTel Communications, Inc. (formerly Williams Communications LLC) ...... / 342,304
292 companies with an assessed value of less than $150,000,000 each ...... / 3,297,514
Total for telephone and telegraph companiesa...... / $27,474,049

a. Includes 22 local exchange carriers, 219 interexchange carriers, 64 cellular carriers, and 13 radio-telephone carriers.

NOTE: Detail may not compute to total due to rounding.

Property Taxes

TABLE 13—ASSESSED VALUE OF PROPERTY ASSESSED BY THE STATE BOARD OF EQUALIZATION

AND SUBJECT TO LOCAL TAXATION, BY COMPANY, 2003-04—Continued

(In thousands of dollars)

Name of company / Assessed value
1 / 2
GAS, ELECTRIC, AND WATER COMPANIES
El Paso Natural Gas Company ...... / $52,000
Kern River Gas Transmission Company ...... / 225,000
Lodi Gas Storage, LLC ...... / 96,200
Mojave Pipeline Company ...... / 93,500
North Baja Pipeline, LLC (formerly PG&E National Energy Group) ...... / 91,400
Pacific Gas & Electric Company ...... / 13,451,743
PacifiCorp ...... / 160,013
Plumas-Sierra Rural Electric Cooperative ...... / 28,360
Questar Southern Trails Pipeline Company ...... / 39,700
San Diego Gas & Electric Company ...... / 2,871,147
Sierra Pacific Power Company ...... / 173,825
Southern California Edison Company ...... / 9,193,648
Southern California Gas Company ...... / 2,809,914
Southern California Water Company ...... / 398,626
Southwest Gas Corporation ...... / 148,000
Standard Pacific Gas Line, Inc...... / 20,600
Tuscarora Gas Transmission Company ...... / 87,595
Wild Goose Storage, Inc...... / 51,800
9 companies with an assessed value of less than $20,000,000 each ...... / 51,975
Total for gas, electric, and water companies ...... / $30,045,047
ELECTRIC GENERATION FACILITY COMPANIES
AES Alamitos, LLC ...... / $629,000
AES Huntington Beach, LLC...... / 260,700
AES Placerita, Inc...... / 45,700
AES Redondo Beach, LLC ...... / 423,000
Blythe Energy, LLC ...... / 327,300
Cabrillo Power I, LLC ...... / 373,200
Cabrillo Power II, LLC ...... / 48,000
Calpine Construction Finance Company, L.P...... / 331,700
Delta Energy Center, LLC ...... / 563,700
Duke Energy Morro Bay, LLC ...... / 106,700
Duke Energy Moss Landing, LLC ...... / 981,800
Duke Energy South Bay, LLP ...... / 73,100
El Segundo Power, LLC ...... / 192,700
Elk Hills Power, LLC ...... / 311,400
Gilroy Energy Center ...... / 108,100
GWF Energy, LLC ...... / 251,500
High Desert Power Trust 2000-A ...... / 473,400
Indigo Generation, LLC ...... / 98,900
La Paloma Generating Trust, Ltd...... / 681,000
Larkspur Energy, LLC ...... / 72,400
Long Beach Generation, LLC ...... / 44,900
Los Esteros Critical Energy Facility, LLC ...... / 146,600
Metcalf Energy Center ...... / 108,000
Mirant Delta, LLC ...... / 521,300
Mirant Potrero, LLC ...... / 106,300
Mountainview Power Company ...... / 54,800
Otay Mesa Generating Company, LLC ...... / 117,400
Pastoria Energy Facility, LLC ...... / 503,100
Reliant Energy Coolwater, Inc...... / 62,400
Reliant Energy Etiwanda, Inc...... / 84,400
Reliant Energy Mandalay, Inc...... / 56,800
Reliant Energy Ormond Beach, Inc...... / 166,200
Sunrise Power Company, LLC ...... / 327,000
3 companies with an assessed value of less than $40,000,000 each ...... / 25,380
Total for electric generation facilities ...... / $8,677,880

Property Taxes

TABLE 13—ASSESSED VALUE OF PROPERTY ASSESSED BY THE STATE BOARD OF EQUALIZATION

AND SUBJECT TO LOCAL TAXATION, BY COMPANY, 2003-04—Concluded

(In thousands of dollars)

Name of company / Assessed value
1 / 2
INTERCOUNTY PIPE LINES, FLUMES, CANALS,
DITCHES, AND AQUEDUCTSb
All American Pipeline, L.P...... / $38,590
CALNEV Pipe Line, LLC ...... / 61,453
Calpine Pipeline Corporation ...... / 4,680
Calpine Pittsburg, Inc...... / 10,900
Chevron Pipeline Company ...... / 28,300
Chevron USA, Inc...... / 30,300
Chevron USA, Inc. (formerly Texaco Exploration and Production, Inc.) ...... / 6,560
CPN Pipeline Company ...... / 12,100
Pacific Pipeline System, LLC ...... / 204,300
Sacramento Municipal Utilities District ...... / 185,099
San Ardo Pipeline Company ...... / 11,300
SFPP, L.P...... / 331,700
Shell California Pipeline Company, L.P. (formerly Equilon California Pipeline Company, LLC) ..... / 34,300
Shell Oil Products US (Equilon Enterprises, LLC) ...... / 152,100
Union Island Pipeline Company ...... / 5,160
UNOCAP ...... / 20,796
Ventura Pipeline System ...... / 4,441
West Coast Pipe Lines ...... / 152,400
11 companies with an assessed value of less than $4,000,000 each ...... / 10,230
Total for intercounty pipe lines, etc...... / $1,304,709
RAILCAR MAINTENANCE FACILITY COMPANIESc
GATX Financial Corporation (formerly General American Transportation Corporation) ...... / $10,428
TTX Company ...... / 9,455
Union Tank Car Company ...... / 193
Total for railcar maintenance facilities ...... / $20,075
RAILROAD COMPANIES
Alameda Belt Line ...... / $8,900
Arizona and California Railroad Company, L.P. (ParkSierra Corporation) ...... / 7,053
Burlington Northern & Santa Fe Railway Company ...... / 514,197
California Northern Railroad (ParkSierra Corporation) ...... / 1,939
California Western Railroad, Inc...... / 2,512
Central California Traction Company ...... / 4,416
Central Oregon & Pacific Railroad ...... / 3,160
McCloud Railway Company, a subsidiary of 4-Rails, Inc...... / 1,903
Modesto & Empire Traction Company ...... / 14,009
Napa Valley Wine Train, Inc...... / 9,642
Pacific Harbor Lines ...... / 3,983
San Diego & Imperial Valley Railroad Company, Inc...... / 2,890
San Joaquin Valley Railroad Company ...... / 11,931
Santa Maria Valley Railroad Company ...... / 2,611
Sierra Railroad Company ...... / 1,538
Stockton Terminal & Eastern Railroad ...... / 7,641
Trona Railway Company ...... / 10,657
Tulare Valley Railroad ...... / 2,145
Union Pacific Railroad Company ...... / 1,106,538
Ventura County Railroad ...... / 2,074
10 companies with an assessed value of less than $1,500,000 each ...... / 4,036
Total for railroad companies ...... / $1,723,774

b.All other taxable property owned by these companies is locally assessed.

c.Property at fixed locations which is not subject to the private railroad car tax. Excludes the value of private railroad cars operated on the railroads, for which see Table 17A.

A-1