25 years ago

JUNE 13, 1997

• Bath’s “golden goose” could be flying the coop soon, fiscally speaking. Virginia Power and Alleghany General, electric utility companies which contribute the bulk of Bath’s real estate taxes from the public service corporation sector, are facing deregulation. Should this occur, localities throughout Virginia could lose $1 million in taxes; locally, the real estate value of Virginia Power’s hydroelectric facility in Mountain Grove could depreciate 20 to 25 percent. While deregulation might save...

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