Paducah Power System

IEEFA Research

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

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Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Cost of Power from the Prairie State Energy Campus

Memo: Analysis of Paducah Power System’s Recent and Future Costs of Power from the Prairie State Energy Campus By David Schlissel, IEEFA Director of Resource Planning Analysis

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Report- The Prairie State Coal Plant: The Reality vs. the Promise

Report- The Prairie State Coal Plant: The Reality vs. the Promise

Report- The Prairie State Coal Plant: The Reality vs. the Promise (pdf).

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More News and Commentary

Paducah Power’s Rates Still High Even as Prairie State Plant Performance Improved from July-September

David Zoeller in the Paducah Sun: Paducah Power System officials are encouraged by the recent improved performance of the Prairie State Energy Campus, the utility’s chief supplier of power. While the news is encouraging, it may not have an immediate impact on lowering the Power Cost Adjustment – and therefore PPS’ electric rates – anytime […]

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BOND ISSUANCES AND PROJECT DOCUMENTS

BOND ISSUANCES AND PROJECT DOCUMENTS

Prairie State Energy Campus

Prairie State Energy Campus (PSEC) participants: Complete list of project participants grouped by public power agency, including power purchase commitments List grouped by state and listed alphabetically Map of Prairie State communities Project agreements: Project Management agreement between Prairie State Generating Company and power agencies Project Participation Agreement among the power agencies Large Generator Connection […]

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Higher Electric Bills in Paducah

Johnette Worak for WPSD: Many of you who live in Paducah may be paying electric bills almost as high as your rent. That, after Paducah Power dropped TVA as an energy supplier and began getting its power from Prairie State, a coal fired plant that Paducah Power bought into. Paducah Power is promising to lower […]

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Paducah, Saddled by Prairie State Energy Campus, Still Has the Most Expensive Electricity in Kentucky

David Zoeller in the Paducah Sun: The Paducah Power System board plans to lower its Power Cost Adjustment on Monday to provide some relief to its ratepayers, though not as much as utility officials had hoped. Paducah Power has been adding a PCA – a variable cost added to the base rate imposed to offset the utility’s cost […]

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Paducah Officials ‘Not Sweating Prairie State’s Lower Output’

Paducah Officials ‘Not Sweating Prairie State’s Lower Output’

Executives at Paducah Power System say they will stay the course on their commitment to Prairie State Energy Campus, the costly and poorly performing coal-fired power plant. In an article in this morning’s Paducah Sun, David Zoeller quotes PPS officials as being largely unmoved by worries that the plant is a drain on the economic […]

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Paducah Power Manager Looking for Buyer for Excess Power from Prairie State

Paducah Power Manager Looking for Buyer for Excess Power from Prairie State

David Zoeller of the Paducah Sun reported this weekend that new Paducah Power System general manager Gary Zheng is seeking buyers for the system’s excess power. “Paducah Power’s rates are the highest in the state due mainly to the past poor performance of the Prairie State Energy Campus, the utility’s chief supplier of power, and […]

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Fitch Insists Faltering Prairie State Energy Campus Has Legs

Fitch Insists Faltering Prairie State Energy Campus Has Legs

Fitch Ratings takes on critics of the Prairie State Energy Campus in a March 9 report that insists the plant has “favorable long-term fundamentals” that will ultimately serve the many struggling and deeply indebted communities that own a stake in it. The report by the ratings agency is chronicled in a piece by SNL’s Matthew […]

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2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus

2014 – Another Year of Unmet Promises for the Prairie State Energy Campus (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

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In Kentucky, a Searing ‘Buyer Beware’

In Kentucky, a Searing ‘Buyer Beware’

The Louisville Courier-Journal is out this morning with an editorial that asks whether the scores of towns trapped in long-term high-priced commitments to Prairie State Energy Campus were duped. The editorial, which follows an expose on Sunday by reporter Jim Bruggers, notes that Prairie State was largely a concoction of Peabody Energy, which built the […]

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Paducah Utility’s Former Leader Concedes Mistakes Were Made

Paducah Utility’s Former Leader Concedes Mistakes Were Made

The Paducah Sun has published a revealing interview with Ray McLennan, the former chairman of Paducah Power System, which is buried in debt and high costs tied to the Prairie State Energy Campus. McLennan concedes in the report by Executive Editor Steve Wilson that the utility’s decision to take a stake in the struggling coal-fired electricity […]

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