Prairie Power Inc. (PPI)

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

February 24, 2015 Read More →

More News and Commentary

Data Bite: U.S. Coal Production Is Down Almost Everywhere, and Off by Double Digits in Key States

Data Bite: U.S. Coal Production Is Down Almost Everywhere, and Off by Double Digits in Key States

The Map and Chart of the Day: Stark Challenges for Miners From Appalachia to Wyoming as Energy Markets Shift

The drop in U.S. coal production reported by the Energy Information Administration for 2015 marks the biggest annual decline since 1958 and continues a trend that began a decade ago. The total amount of coal produced in the U.S. sank to 900 million short tons, the lowest level since the mid-1980s, according to the EIA’s preliminary estimates. […]

January 13, 2016 Read More →

Illinois City Brings in ‘Big-Time Lawyers’ to Challenge Costly Deal With Prairie State Energy Campus

Susan Sarkauskas for the Daily Herald: Batavia has hired big guns to find a fix for its electricity-price woes. City leaders have asked the Jenner and Block LLP law firm of Chicago to advise them about what options, if any, the city can pursue to diversify its electrical portfolio. That includes investigating whether the city […]

January 7, 2016 Read More →
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 […]

September 2, 2015 Read More →
Bond Buyer: ‘Report Urges Muni Market to Provide Relief to Prairie State Municipalities’

Bond Buyer: ‘Report Urges Muni Market to Provide Relief to Prairie State Municipalities’

The Bond Buyer this morning profiles IEEFA’s series of commentaries and reports published last week on the poorly performing Prairie State Energy Campus and the economic damage it has caused in towns and cities across the Midwest. The article, by Yvette Shields, highlights IEEFA’s core assertion that investors and the firms that orchestrated the coal-fired […]

April 14, 2015 Read More →
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The Truth About Prairie State Energy Campus (Part 4): There Are Ways Out of This Bad Deal

A Solution That Requires All Parties to Contribute and That Allows an Honest Assessment of the Plant’s Viability … For most of the history of the more than 200 towns and cities tied today to the failing Prairie State Energy Campus, households and businesses were charged reasonable rates for the electricity they used. That all […]

The Truth About Prairie State Energy Campus (Part 3): A Crippling Burden to Its Many Towns and Cities

The Truth About Prairie State Energy Campus (Part 3): A Crippling Burden to Its Many Towns and Cities

An Ill-Conceived Power Plant Sapping the Economic Vigor of Communities Far and Wide … Imagine, if you will, the small-business pillars of a town shutting their doors suddenly because they can’t pay their bills. Households having to choose between paying their heating bills and buying groceries. Bigger businesses, universities and hospitals being forced to cut […]

The Truth About Prairie State Energy Campus (Part 2): Its Coal Isn’t Cheap

The Truth About Prairie State Energy Campus (Part 2): Its Coal Isn’t Cheap

‘Annual Per Ton Operating Costs of the Mine Remain Higher Than Those Originally Assumed …’ Among the many claims made to dozens of communities across the Midwest and South to induce them to sign onto the Prairie State Energy Campus deal was that it would be supplied by cheap coal from a mine across the […]

April 7, 2015 Read More →
The Truth About Prairie State Energy Campus (Part 1): Failing, Year by Year

The Truth About Prairie State Energy Campus (Part 1): Failing, Year by Year

The Plant Doesn’t Run Like Its Creators said it Would, and Its Electricity Is Overpriced Prairie State Energy Campus failed in 2014 — as it failed in 2012 and 2013 — to provide the reliable, low-cost electricity that Peabody Energy, American Municipal Power, and its other promoters promised when they persuaded more than 200 communities […]

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

February 24, 2015 Read More →
AP: Ratepayers Feel ‘Duped’ by AMP/Peabody Coal Deal

AP: Ratepayers Feel ‘Duped’ by AMP/Peabody Coal Deal

“Towns across the Midwest” are challenging the notion that they are locked into a costly long-term electricity deal with Prairie State Energy Campus, the southern Illinois coal-fired plant that has proven both expensive and unreliable. In an article published nationally today, the Associated Press notes that dozens of municipalities through the American Municipal Power cooperative […]

February 8, 2015 Read More →