Archive for September, 2014

More News and Commentary

Power Point: Global thermal coal in structural decline

Power Point: Global thermal coal in structural decline

Global thermal coal in structural decline, by Tim Buckley, September, 2014

September 29, 2014 Read More →
Prairie State Backlash Grows: A Call for Bankruptcy; Trouble in Fulton and Hannibal, Mo.; Legal Review Sought in Batavia, Ill.

Prairie State Backlash Grows: A Call for Bankruptcy; Trouble in Fulton and Hannibal, Mo.; Legal Review Sought in Batavia, Ill.

The Paducah Sun over the weekend published a scathing editorial on what it called the Paducah Power System’s “disastrous investment in Prairie State Energy Campus,’‘ the Peabody Energy “mine-mouth” coal-powered power facility marketed and sold to local utilities in 2007. The editorial says that former Board Chairman Ray McLennan, who resigned last week, led the […]

September 29, 2014 Read More →
Report cites continued operating issues, expensive electricity at Prairie State

Report cites continued operating issues, expensive electricity at Prairie State

“An environmental research group on Sept. 26 pounced on recent operating performance data for the coal-­fueled 1,600-­MW Prairie State Energy Campus, saying the plant continues to underachieve and produce expensive electricity. The Institute for Energy Economics and Financial Analysis, or IEEFA, which frequently supplies economic testimony against coal projects, said in a report dated Sept. […]

September 26, 2014 Read More →
Media advisory: Prairie State coal plant continues to fail; Public backlash in Kentucky and Illinois

Media advisory: Prairie State coal plant continues to fail; Public backlash in Kentucky and Illinois

High Electricity Rates and Long-Term Debt Associated With Peabody Energy Project Are Seen as Crippling to Local Economies PADUCAH, Ky., Sept. 26, 2014 — A report by the Institute for Energy Economics and Financial Analysis (IEEFA) shows the Prairie State Energy Campus continuing to fall short of the pitch made by Peabody Energy when it […]

September 26, 2014 Read More →
Report:  No evidence of a turnaround at Prairie State

Report: No evidence of a turnaround at Prairie State

No Evidence of a Turnaround at Prairie State (pdf) By David Schlissel, Director of Resource Planning Analysis

September 25, 2014 Read More →
Power Point: Global, National and Illinois Basin Coal Trends

Power Point: Global, National and Illinois Basin Coal Trends

Global, National and Illinois Basin Coal Trends, by Tom  Sanzillo, September 25, 2014

September 25, 2014 Read More →
Australian Economy Changes as Exports to China Slow

Australian Economy Changes as Exports to China Slow

By Bruce Einhorn, Bloomberg Businessweek –  “For 20 years, Australians have lived in an economic bubble. As other countries endured financial crises, property crashes, and dot-com busts, a generation of Aussies grew up without experiencing a recession. China is a big reason for that economic resilience. Australia sailed through its toughest challenge, the global financial […]

September 25, 2014 Read More →
More job cuts as coal industry keeps struggling

More job cuts as coal industry keeps struggling

BY Stephanie Smail, ABC News Australia  – “A coal company co-owned by the mining giant BHP has blamed poor market conditions for its decision to slash 700 jobs.   The BHP Billiton Mitsubishi Alliance says the jobs will go from seven coal mines in Queensland. Some industry analysts are warning there’s more tough times ahead […]

September 24, 2014 Read More →
Nonprofit’s report finds no Prairie State turnaround

Nonprofit’s report finds no Prairie State turnaround

By David Zoeller, Paducah Sun –  “Recent data shows ‘no meaningful turnaround’ in the operation of the Prairie State Energy Campus, according to a report by an Ohio-based nonprofit organization that studies energy issues. Prairie State is the chief supplier of electricity for Paducah Power System customers. Each of its two 800-megawatt generators has been […]

September 24, 2014 Read More →
Public still isn’t sold on promises from Prairie State

Public still isn’t sold on promises from Prairie State

By Briana Conner & Michael Bradford, WPSD Channel 6 – PADUCAH – “People slapped with high power bills filled a local city hall Tuesday night to give the people responsible an ear full. Gayle Frye said, ‘When I listen to you, I felt like I was listening to a philandering husband or a wife who […]

September 24, 2014 Read More →