Deal reached in power plant valuation suit
CARLTON (WLUK) -- The owner of the closed Kewaunee Power Station nuclear plant and the town of Carlton reached a deal Saturday on the facility's valuation and taxes.
The plant, located in the town of Carlton, stopped producing power in May 2013. Since then, the town and owner, Dominion, have been discussing what the plant's valuation should be for property tax purposes. Dominion and Kewaunee County had agreed on a $15 million valuation, but the town assessed the property at $468 million in 2016.
According to the agreement approved Saturday by the Carlton town board, the parcel's value will be $15 million for a 10-year period for tax years 2015-2024.
The deal is expected to avoid a trial, scheduled for Feb. 28. A judge must still approve the settlement, according to Carlton Clerk Linda Sinkula.