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IEEFA
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 […]
IEEFA
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 […]
Tom Sanzillo and David Schlissel
A Solution That Requires All Parties to Contribute and That Allows an Honest Assessment of the Plant’s Viability … For most of the history of the more than 200 towns and cities tied today to the failing Prairie State Energy Campus, households and businesses were charged reasonable rates for the electricity they used. That all […]
Sandy Buchanan
An Ill-Conceived Power Plant Sapping the Economic Vigor of Communities Far and Wide … Imagine, if you will, the small-business pillars of a town shutting their doors suddenly because they can’t pay their bills. Households having to choose between paying their heating bills and buying groceries. Bigger businesses, universities and hospitals being forced to cut […]
Tom Sanzillo
‘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 […]
David Schlissel
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 […]
David Schlissel
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
IEEFA
No Evidence of a Turnaround at Prairie State (pdf) By David Schlissel, Director of Resource Planning Analysis
IEEFA
Overpriced power: Why Batavia is paying so much for electricity (pdf) Updated 3/11/2014
IEEFA
CLEVELAND, OH – “Peabody Energy, the nation’s largest coal company, promised 217 municipalities and 17 electric membership cooperatives in the Midwest a source of low-cost, stable electricity in return for bearing the financial risk of building the Prairie State coal-fired power plant. The plant, in Southern Illinois fully connected to the grid less than a […]
The Truth About Prairie State Energy Campus (Part 4): There Are Ways Out of This Bad Deal
A Solution That Requires All Parties to Contribute and That Allows an Honest Assessment of the Plant’s Viability … For most of the history of the more than 200 towns and cities tied today to the failing Prairie State Energy Campus, households and businesses were charged reasonable rates for the electricity they used. That all […]