Missouri

IEEFA Research

Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isn’t the Bargain That Was Promised

Cost of Coal From Mine-Mouth Prairie State Plant Isnt the Bargain That Was Promised By Tom Sanzillo, Director of Finance, IEEFA

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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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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

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More News and Commentary

IEEFA Update (Corrected): Wind in the Wires, and More on the Way

IEEFA Update (Corrected): Wind in the Wires, and More on the Way

30 States Have Projects Under Construction or in Advanced Development

Wind power is a rapidly growing source of electricity in the U.S., doubling its share of generation in just five years, to 4.9 percent in 2015. The declining cost of wind power, along with cheap natural gas, has put tremendous financial pressure on both coal-fired and nuclear power plants, and is changing the mix of fuels […]

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Peabody, World’s Biggest Private-Sector Coal Company, Declares Bankruptcy

Alex McDonald for the Wall Street Journal: Peabody Energy Corp. on Wednesday filed for chapter 11 bankruptcy protection from its creditors just weeks after warning that it could do so, the latest in a string of bankruptcies that have ricocheted through the U.S. coal-mining industry. The move by St. Louis-based Peabody, the largest U.S. coal […]

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Two Coal Barons, One Overdue Bond Payment and the End of an Era

Jodi Xu Klein and Tim Loh for Bloomberg News: Both men worked down in the mines, in helmet and headlamp, digging out the coal that would one day make them piles of money. As early as Tuesday, the mining empires the two men built from scratch could start to crumble. Billionaire Christopher Cline, 57, hailed as […]

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Uncomfortable Questions in the Wake of Peabody’s Sale of Its Remaining Stake in a Costly Midwestern Coal-Fired Plant

Uncomfortable Questions in the Wake of Peabody’s Sale of Its Remaining Stake in a Costly Midwestern Coal-Fired Plant

Prairie State Energy Campus Is Worth Only a Fraction of the $5 Billion Local Municipalities and Regional Power Authorities Owe on It

Peabody Energy’s decision to sell its share of the Prairie State Energy Campus for 23 percent of its original value is just the most recent—but perhaps the starkest—reminder that this project is a financial failure. IEEFA has chronicled financial weaknesses of the Illinois plant since before it opened in 2012, and warnings around its viability […]

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Poll Shows Broad Support for Wind and Solar

John Funk for the Cleveland Plain Dealer: The public prefers wind turbines and solar arrays over power plants that burn coal and oil — or even new natural-gas-fired plants. Commissioned by the Sierra Club, and conducted last week, the survey of registered voters in Ohio, Illinois, Missouri, Iowa, Virginia and Maine also found that: Despite […]

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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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Possible Appeal in Prairie State Coal Plant Case

Matthew Bandyk for SNL Financial: Residents of an Illinois town, after a recent unfavorable decision in their lawsuit against the Prairie State coal plant, might be trying again to convince a judge that they were tricked into paying higher electricity rates by Prairie State co-owner Indiana Municipal Power Agency and others. An attorney for the […]

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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 […]

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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 […]

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The True Cost of Prairie State Energy Campus Coal

The True Cost of Prairie State Energy Campus Coal

An Almost 70 Percent Difference Between Promised and Actual Price; Plant Continues to Fail Year After Year; Economic Damage to More Than 200 Towns and Cities

LATEST RESEARCH BY IEEFA FINDS COST OF PRAIRIE STATE ENERGY CAMPUS COAL UNDERSTATED An Almost 70 Percent Difference Between Promised and Actual Price; Plant Continues to Fail Year After Year; Economic Damage to More Than 200 Towns and Cities April 7, 2015, CLEVELAND (IEEFA.org) — The coal burned by Prairie State Energy Campus is more expensive […]

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