Premium
The economic, fiscal, and workforce impacts of coal‐fired power plant closures in Appalachian Ohio
Author(s) -
Jolley G. Jason,
Khalaf Christelle,
Michaud Gilbert,
Sandler Austin M.
Publication year - 2019
Publication title -
regional science policy and practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.342
H-Index - 8
ISSN - 1757-7802
DOI - 10.1111/rsp3.12191
Subject(s) - nuclear decommissioning , workforce , revenue , wage , coal , power station , closure (psychology) , tax revenue , power (physics) , business , natural resource economics , agricultural economics , economics , engineering , finance , economic growth , waste management , labour economics , public economics , market economy , physics , electrical engineering , quantum mechanics
This study examines the economic, fiscal, and workforce impacts of two Dayton Power & Light (DP&L) coal‐fired power plant closures in Adams County, Ohio. The decommissioning of these facilities, and the closure of an associated training centre, will result in over 1,100 total lost jobs in the Appalachian region. A skillshed analysis revealed that displaced workers transitioning to emerging occupations with similar skill requirements will experience wage decreases. Decommissioned power plants in Ohio no longer pay tangible personal property (TPP) taxes, which will result in $8.5 million in lost tax revenue for local governments. These findings suggest that a multi‐pronged recovery effort will be required to assist this region, which has implications for similar communities in Appalachian Ohio dealing with coal plant closures.