TMI 2 receives tax break

1 April 2005

Unit 2 at Three Mile Island has been pronounced worthless in an out-of-court agreement between its owner, FirstEnergy, and local taxing authorities in Dauphin County.

The deal means the plant will be exempt from property taxes after the assessment on the reactor and its contaminated site was reduced from $16.2 million to zero. Three Mile Island 2 has been out of commission since the infamous accident on 28 March, 1979. FirstEnergy spokesman Scott Shields said the company considers Unit 2 useless and has absolutely no plans for the building or the land.

The value of the operating unit 1 reactor, owned by AmerGen, was lowered from $64.9 million to $20 million in its latest assessment, and will fall to $18.3 million next year.

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