breaking news

Mall at Fairfield Commons loses a restaurant tenant

DP&L to shut down 2 Ohio plants


Dayton Power and Light Co. will shut down two power plants in a rural Southern Ohio county, according to a company statement.

The company announced two power-generation plants in Adams County will shut down by June 2018. The plants — known as J.M. Stuart and Killen stations — are not “economically viable beyond mid-2018,” according to DP&L.

The Dayton Daily News first reported earlier this year that the company announced its intention to close the plants in a January filing with the Public Utilities Commission of Ohio. The rumors have caused communities near the plants to voice their concerns.

EYES IN THE SKY : From above, DP&L copters inspect for damage

“There’s a huge financial impact headed our way, and frankly, it doesn’t feel like our concerns are being heard, in either Dayton or Columbus,” Michael Pell, president of First State Bank in Winchester, Ohio, told this news organization.

The plants generate about $3.8 million annually in property taxes to the county and local entities, and DP&L owns 5,500 acres in Adams County. The plants have about 490 employees, with an additional 200 contracting employees. The annual payroll is more than $30 million.

RELATED : Citing financial ‘threats,’ DP&L seeks new charges

“DP&L recognizes the extent of the impact and uncertainty this decision creates for our people. The Company is fully committed to proactively managing workforce transitions related to the closure of these generation units,” a company statement said.

FIVE FAST BUSINESS READS

Elder-Beerman parent company to close stores after revenue loss

Dayton Foundation assets exceed $505 million

5 things to know about Bargain Hunt opening

Price Stores building in downtown sold to investor

What’s a sushi doughnut? Lebanon restaurant now offering new menu item



Reader Comments ...


Next Up in Business

10 stories that illuminated the crazy holiday shopping season
10 stories that illuminated the crazy holiday shopping season

Consumers started early this year on holiday shopping, crowding local malls and shopping centers. Holiday spending in Ohio is expected to grow 2 percent this year compared to 2016, bringing in an estimated $24.1 billion statewide — and people in the Dayton region are expected to spend more than last year. NRF projects that holiday retail sales...
Springboro hardware store acquired, Liberty Twp. store to close
Springboro hardware store acquired, Liberty Twp. store to close

A family-owned hardware company will acquire Moe’s Outdoor Equipment & Supplies in Springboro. Moe’s, located at 714 N. Main St. in Springboro, will be acquired in early February 2018 by E&H Hardware Group. E&H will also acquire Moe’s Mobile Service unit located in Liberty Twp. E&H Hardware Group is owned by the Bueler family in Wooster...
Christkindlmarkt brings centeries-old German tradition to Dayton
Christkindlmarkt brings centeries-old German tradition to Dayton

Liederkranz-Turner, Dayton's oldest German organization at 1400 E. Fifth St., this weekend showcased the centuries-old Christkindlmarkt tradition that began in medieval Nuremburg.  The Christmas market featured traditional German fare and vendors offering items including hand-crafted ornaments, beer steins, amber jewelry from the Baltic and...
Drone strikes could cause more damage to planes than birds, study says
Drone strikes could cause more damage to planes than birds, study says

A Federal Aviation Administration study found small drones could potentially cause more damage to an aircraft than a bird strike, researchers say. The FAA’s Alliance for System Safety of UAS through Research Excellence – also known as ASSURE— worked with researchers across the country on the study. The research found heavier, stiffer...
Sale of Premier Health’s insurance line falls apart
Sale of Premier Health’s insurance line falls apart

Premier Health’s plan to sell its health insurance business has been dropped. The Dayton-based health care network has lost more than $40 million on its insurance arm over the past two years and had been planning to sell the division to Evolent Health, a Virginia-based health care consultant business. On Friday, Evolent Health said in a...
More Stories