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 deal behind the construction and sale of the plant must “come together to discuss relief for local municipalities.”
“The institute argues that investors and underwriters as well as Peabody Energy, the original backer of the project, have the resources to absorb a reduction in their returns, easing the burden of rising costs on the more than 200 towns on the hook,” Shields writes.
Shields notes that several of the nine joint power agencies involved, Peabody Energy, and Prairie State representatives themselves didn’t respond to requests for comment.
Full article (subscription required).