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 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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Illinois Town Hires Chicago Law Firm to Explore Options to Prairie State Energy Campus Coal-Fired Generation

Charles Menchaca for the Kane County Chronicle: The Batavia City Council on Monday took another step toward addressing residents’ ongoing concerns regarding the city’s relationship with the Prairie State Energy Campus. Batavia aldermen voted, 12-0, to approve an agreement for legal services with the Chicago-based law firm Jenner & Block with a focus of broadening […]

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‘Bamboozled’ on Peabody’s Prairie State Energy Campus

Bill Mego for the Naperille (Ill.) Sun and the Chicago Tribune: Thanks to the “salesmanship” of Peabody Energy, Naperville and a number of other towns are investors in coal-fired electric generating plants, including the problem-plagued Prairie State Energy Campus, which puts more than 13 million tons of carbon dioxide into the air every year. It […]

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Illinois Town Imposes Alcohol Tax to Support Prairie State Energy Campus

Alexa Aguilar for the Chicago Tribune: The measure was part of an effort by the council to collect more money without raising property taxes to pay for its $104.7 million budget, City Administrator Bill McGrath said. “This is a multi-pronged approach” to a revenue shortfall, said Ald. Lucy Thelin Atac. Aldermen have struggled in recent […]

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Peabody Comes Clean. But Not Very.

Peabody Comes Clean. But Not Very.

The Upshot of a Settlement with the New York Attorney General: Buyer Beware

After a long investigation by the New York State attorney general, Peabody Energy says it’s going to do a better job of how it discloses the many financial risks it faces around climate change. From the New York Times this morning: “The N.Y.A.G. concludes that Peabody’s disclosures denied its ability to reasonably predict the future […]

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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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