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

About the Author