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Local

Another appeal from Exelon: Power plant seeks $388M reduction in tax assessment

The tax assessment for Exelon’s Byron Generating Station will be on the Ogle County Board of Review's docket – again. An appeal for the plant will be heard by the board Jan. 17. The county assessed the station at  $546 million but Exelon says the value should be $158 million.
The tax assessment for Exelon’s Byron Generating Station will be on the Ogle County Board of Review's docket – again. An appeal for the plant will be heard by the board Jan. 17. The county assessed the station at $546 million but Exelon says the value should be $158 million.

 

BYRON – In what could be called an annual tradition, Exelon Generation LLC is appealing the Byron Generating Station’s 2018 assessment.

The utility is asking the assessment be reduced from $546 million to $158 million, Ogle County Supervisor of Assessments Jim Harrison said.

The Board of Review will hear the appeal Jan. 17.

The plant’s assessment has been appealed every year for almost 30 years.

The plant’s value, set last fall by Harrison, is identical to the amount set for the previous 2 years, both of which were upheld by the Board of Review.

Exelon officials appealed those decisions to the Illinois Property Tax Appeal Board.

Attorneys for the utility company say the assessment should be lower because of economic conditions and the plant’s age.

The two reactors came online in 1985 and 1987 and were licensed for 40 years. Both were granted 20-year license extensions in 2015.

The most recent round of annual appeals, which began in 2012, are not yet resolved at the state level. The PTAB heard the 2012 appeal in 2015, but has not yet rendered its decision, Harrison said. 

This year, Exelon paid $37.8 million in real estate taxes to 11 taxing bodies, which include the Byron School District, Ogle County, Rockvale Township, Oregon School District, Oregon Park District, Byron Fire District, Rock Valley College, Byron Public Library District, Byron Museum District, Byron Forest Preserve District, and Kishwaukee Community College.

More than $21 million of that went to the Byron School District.

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