(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.