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

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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How Municipalities Could Get Free of Prairie State Energy Campus

Kari Lydersen for Midwest Energy News: The Prairie State Energy Campus has by many accounts been disastrous for many of the Midwestern towns that signed on to buy power at rates that turned out to be well above market prices. A number of municipalities are facing serious financial crises because of the deals, forcing them […]

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Prairie State, Sold as a Clean Coal Plant, Wants a Pass on New EPA Rules

Prairie State, Sold as a Clean Coal Plant, Wants a Pass on New EPA Rules

A Disingenuous Plea to Spare a Failing Project

The president of Prairie State Generating Co. has asked the Environmental Protection Agency to exempt the coal-fired Prairie State Energy Campus in southern Illinois from new pollution-control rules. In a May 11 letter to the EPA, Prairie State’s chief executive, Don Gaston, writes that the controversial plant cannot survive if—under new regulations aimed at curbing […]

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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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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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Missouri Town Continues to Lose Millions on Prairie State Energy Campus

From the Hannibal (Mo.) Courier-Post: In the years since the Hannibal Board of Public Works started making payments on its share of a southern Illinois power plant, it has lost almost $12 million and correlated at least two rate increases to the poor performance of the investment. And while Prairie State is now performing somewhat […]

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Blowback in Virginia on Economic Damage From Prairie State Power Plant

The mayor of Danville, Va., tells the president and CEO of American Municipal Power, one of the architects of the city’s deal to buy into Prairie State Energy Campus: “This is really hurting our community and our citizens; I don’t think you really understand that.” Danville Utility Commission blames Prairie State Project for Rate Woes

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Asterisks: Taints in Peabody’s Financial Reporting

Asterisks: Taints in Peabody’s Financial Reporting

“What looks large in the distance, up close ain’t never that big.”

Roger Maris hit 61 home runs in a single season and beat the old Babe Ruth record of 60. The baseball season for Maris was 162 games and for Ruth it was 154 games. Maris’ achievement was tainted by Commissioner Ford Frick’s support for using an asterisk on Maris’ number as a way of settling […]

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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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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 […]

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