After extended testimony and technical debate about valuation methods, the board sided with the county’s replacement-cost approach and declined the taxpayer’s request to set full cash value at the lower DCF/KPMG estimates.

County Administrator Brett Skyles told commissioners the State faces a new lawsuit from Enbridge over state-assessed utility property valuations, and warned that an adverse outcome could have implications for local taxpayers.

Treasurer Lisa Rezenberg told the board the district is about $1.3 million short in April tax collections, largely because Duke Energy is contesting property valuations; Hamilton County said it will forward roughly $300'$350k collected after the settlement cutoff and the treasurer urged a temporary spending freeze.

The state Board of Equalization on Nov. 19 denied Southern California Edison’s 2025 unitary-value appeal and affirmed the board-adopted value of $41,664,500,000 after an oral hearing in which Edison argued wildfire-related costs and the treatment of AB 1054 expenditures warrant a lower valuation.