MWV Receives $77 Million for Alternative Fuel Use

摘要

Mead Westvaco Corp. (MWV), Richmond, Va., received payments totaling about $77 million in April related to an allowable alternative fuel excise tax credit from the Internal Revenue Service, which represents a period of about 12 weeks of fuel usage at each of the company's three domestic paperboard mills. While mentioned in the company's press release for its first quarter 2009 earnings, for financial reporting purposes the excise tax credit was not included in the results.