Prairie State Energy Campus

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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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: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers (Update)

  Report: How the High Cost of Power from Prairie State is Affecting Bowling Green Municipal Utilities’ Customers Updated as of October 6, 2014 (pdf) By David A. Schlissel, Director of Resource Planning 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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Report: How the high cost of power from Prairie State is affecting Bowling Green municipal utilities’ customers

Report: How the high cost of power from Prairie State is affecting Bowling Green municipal utilities’ customers

How the high cost of power from Prairie State is affecting Bowling Green Municipal utilities’ customers (pdf)  

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Report- Overpriced power: Why Batavia is paying so much for electricity

Report- Overpriced power: Why Batavia is paying so much for electricity

Overpriced power: Why Batavia is paying so much for electricity (pdf) Updated 3/11/2014

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Memo – Why should the Ohio Attorney General be asked to investigate the Prairie State deal?  August 21, 2013

Memo – Why should the Ohio Attorney General be asked to investigate the Prairie State deal? August 21, 2013

Memo – Why should the Ohio Attorney General be asked to investigate the Prairie State deal? (pdf)

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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

Peabody Bankruptcy Proceeding Moves Forward, Including Sale of Company’s Share in Prairie State Coal Plant

By Henry Lazenby in Mining Weekly: US metallurgical and thermal coal producer Peabody Energy has received final approval from the US Bankruptcy Court of the Eastern District of Missouri for its $800-million debtor-in-possession (DIP) financing facility, the company announced on Tuesday.  The approval provided Peabody with access to capital to ensure the company could continue […]

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Our Op-Ed in the New York Times: ‘After Bankruptcies, Coal’s Dirty Legacy Lives On
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and

Our Op-Ed in the New York Times: ‘After Bankruptcies, Coal’s Dirty Legacy Lives On
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Costly Effects That Will Haunt Taxpayers, and Consumers, for Years to Come 


The bankruptcy filing on Wednesday by Peabody Energy, the world’s largest private- sector producer of coal, is the latest in a series of major coal company collapses that threaten to leave behind a costly legacy that will haunt taxpayers and consumers for years. The abandonment of hundreds of mines over the years led Congress in […]

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Op-Ed: Don’t Let Peabody Walk Away From Its Clean-Up Responsibilities in Illinois

Howard Learner for the Springfield (Ill.) State Journal-Register: Doesn’t Illinois already have enough fiscal problems? Now, here comes another $92 million mess if Gov. Bruce Rauner’s Office of Mines and Minerals doesn’t start paying attention and make sure that Peabody Energy commits real money now to fulfill its mine reclamation responsibilities. For too long, Peabody […]

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That $57 Million Payout to Peabody? It Should Go to Ratepayers Stuck Holding the Bag Now on Prairie State Energy Campus

That $57 Million Payout to Peabody? It Should Go to Ratepayers Stuck Holding the Bag Now on Prairie State Energy Campus

The Board Owes Its Customers This Much at the Very Least

Question: Does Peabody Energy really have a right to the proceeds of its $57 million sale of its stake in the Prairie State Energy Campus boondoggle? Peabody developed the project a decade ago, and then talked municipal power agencies with members in eight states—representing about 200 communities—into issuing $5 billion in bonds to buy into […]

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St. Louis Post-Dispatch: ‘Peabody Energy Increasingly on Shaky Ground’

Jacob Barker for the St. Louis Post-Dispatch: Perhaps surprising investors, Peabody disclosed Thursday that it had tapped what remained of a $1.65 billion revolving credit facility, borrowing the last $825 million available just this month. With the revolver drawn down, “what other lever do they have to pull?” said Kris Inton, a Morningstar analyst. “That […]

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Peabody Abandons Its Stake in Illinois Coal-Fired Project

Curtis Tate for McClatchy DC: Peabody Energy, the nation’s largest coal producer, will sell its stake in a southern Illinois power plant that was supposed to be a showcase for “clean coal” technology but instead has become emblematic of the economic challenges facing the industry. Peabody announced Thursday that it would sell its 5 percent […]

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Peabody in Loss on Sale of Prairie State Energy Campus

Matthew Bandyk for SNL: While Peabody Energy Corp. reported a “modest gain” from its recent agreement to sell its share of the 1,600-MW coal-fired Prairie State Energy Campus in Illinois, the giant coal company is selling the stake for just about 20% of its original value, according to the Institute for Energy Economics and Financial […]

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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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Peabody Sells Its Midwestern Coal-Fired Project

Wabash Valley Power Association, an Indianapolis-based power generation and transmission cooperative, will pay $57 million to acquire the 5.06-percent share of Prairie State held by a Peabody subsidiary, the St. Louis coal company announced Thursday. A definitive agreement was entered into after a competitive bidding process Peabody launched in the fourth quarter of 2015, Peabody […]

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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. […]

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