School District Braces For Nuke Plant Devaluation

(Oak Harbor, OH)   A northwest Ohio school district is bracing for shrinking revenues from the Davis-Besse Nuclear Power Plant. 

Benton-Carroll-Salem school officials placed two levies on the May ballot this week, citing a drop in revenue as the plant's property value falls.  A property tax issue and earned income tax levy would raise nearly three-and-a-half-million-dollars per year for operations if both are approved. 

First Energy has tried unsuccessfully from state lawmakers and federal regulators to get a monthly subsidy from electric rate-payers, but both efforts have failed. 

Top utility executives now say it's only a matter of time before the nuclear plant is either sold or shut down, even though its federal operating license goes through 2037.

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