American Municipal Power

IEEFA Research

IEEFA U.S.: Municipal ratepayers face mounting costs from expensive American Municipal Power projects

Gap between costs from Prairie State, Combined Hydro Project and market prices continues to grow

September 9, 2021 (IEEFA)—Newly available data shows American Municipal Power’s (AMP) Prairie State and Combined Hydro Project have caused costs to continue climbing for municipal ratepayers, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).  Data covering January 2020 through July 2021 showed that Cleveland Public Power (CPP) and its […]

IEEFA U.S.: Long-term contracts with American Municipal Power (AMP) saddle local communities with high prices

Dozens of communities in five states pay far above market price for electricity from Prairie State coal plant and Ohio River hydro projects

September 21, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have stuck 83 communities in 41 counties across five states with extraordinarily high electricity prices for half a century, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. The largest AMP member, Cleveland Public Power (CPP), […]

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

IEEFA U.S.: Long-term contracts with AMP are ‘financial disaster’ for Cleveland Public Power customers

Utility’s reliance on two projects cost ratepayers an extra $106 million

September 11, 2020 (IEEFA) — Long-term contracts with American Municipal Power (AMP) have been “a financial disaster” for Cleveland Public Power (CPP) customers, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). About 70% of CPP’s expenditures for its total power supply are paid to AMP, an […]

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

February 24, 2015 Read More →
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  

October 13, 2014 Read More →
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

September 25, 2014 Read More →
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)  

July 7, 2014 Read More →
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)

August 23, 2013 Read More →
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).

August 29, 2012 Read More →

More News and Commentary

The Truth About Prairie State Energy Campus (Part 2): Its Coal Isn’t Cheap

The Truth About Prairie State Energy Campus (Part 2): Its Coal Isn’t Cheap

‘Annual Per Ton Operating Costs of the Mine Remain Higher Than Those Originally Assumed …’ Among the many claims made to dozens of communities across the Midwest and South to induce them to sign onto the Prairie State Energy Campus deal was that it would be supplied by cheap coal from a mine across the […]

April 7, 2015 Read More →
The Truth About Prairie State Energy Campus (Part 1): Failing, Year by Year

The Truth About Prairie State Energy Campus (Part 1): Failing, Year by Year

The Plant Doesn’t Run Like Its Creators said it Would, and Its Electricity Is Overpriced Prairie State Energy Campus failed in 2014 — as it failed in 2012 and 2013 — to provide the reliable, low-cost electricity that Peabody Energy, American Municipal Power, and its other promoters promised when they persuaded more than 200 communities […]

One town sues, one puts electric system up for sale as high power costs of Prairie State plant take their toll

One town sues, one puts electric system up for sale as high power costs of Prairie State plant take their toll

Two stories in the news today reflect the economic struggles of towns who have signed long-term power contracts for electricity from the controversial Prairie State coal plant in Southern Illinois. The plant, originally developed by Peabody Energy, is now 95% owned by municipal power systems covering eight states. The Hermann Advertiser Courier reports that the […]

March 24, 2015 Read More →

Fitch Insists Faltering Prairie State Energy Campus Has Legs

Fitch Ratings takes on critics of the Prairie State Energy Campus in a March 9 report that insists the plant has “favorable long-term fundamentals” that will ultimately serve the many struggling and deeply indebted communities that own a stake in it. The report by the ratings agency is chronicled in a piece by SNL’s Matthew […]

March 10, 2015 Read More →
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

February 24, 2015 Read More →

AP: Ratepayers Feel ‘Duped’ by AMP/Peabody Coal Deal

“Towns across the Midwest” are challenging the notion that they are locked into a costly long-term electricity deal with Prairie State Energy Campus, the southern Illinois coal-fired plant that has proven both expensive and unreliable. In an article published nationally today, the Associated Press notes that dozens of municipalities through the American Municipal Power cooperative […]

February 8, 2015 Read More →

Letter From Bowling Green: The Prairie State Energy Fiasco Puts Our City at Risk

All across the Midwest, communities manacled to Prairie State Energy Campus are seeing their electricity rates go through the roof. These small towns and cities, which include Paducah, Ky., Batavia, Ill., Galion, Ohio, and Bowling Green, Ohio—where I live—invested heavily in Prairie State Energy Campus after being sold a promise in 2007 of 50 years […]

‘Organized Crime’ Seen in Virginia City’s Electricity Costs

Denice Thibodeau reports this week in the Danville, Va., Register Bee on a heated public meeting at which City Council members challenged the high cost the city is paying for its relationship with American Municipal Power, one of the supporters of the costly Prairie State Energy Campus. Excerpts: “‘The fox is in the henhouse,’ Donohue […]

January 8, 2015 Read More →

Neither the Fine Print Nor a Review by Moody’s Shed an Honest Light on Prairie State’s Dark Finances

  Ratings-agency reviews this week of new debt offerings associated with Prairie State Energy Campus, and the fine print in the bond offering itself, simultaneously illuminate and obscure the financial and operational failures of the power plant in southern Illinois. The reports by the ratings agencies — one by Fitch Ratings, the other by Moody’s […]

December 18, 2014 Read More →
Five Years On, Millions in Costs From AMP’s Cancelled Coal Plant Still Hang Over Towns and Cities

Five Years On, Millions in Costs From AMP’s Cancelled Coal Plant Still Hang Over Towns and Cities

By Sandy Buchanan Five years ago this Thanksgiving, newspaper headlines across Ohio announced the cancellation of a coal-fired power plant that American Municipal Power (AMP) had planned to build along the Ohio River.  AMP and 81 of its member communities in Ohio, Virginia, West Virginia, and Michigan was scrapping plans to build the 1000-megawatt coal […]

November 26, 2014 Read More →