Kentucky-KMPA

IEEFA Research

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 →
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

October 28, 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- 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

February 20, 2014 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

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 →
and

There’s a Better Way Out of This Mess Than What Paducah Power Proposes

By Tom Sanzillo and David Schlissel —  The recent plan proposed by Paducah Power System to reduce high electricity costs for residents and businesses will neither bring rates down to a manageable level nor stabilize the utility’s finances. The good news: There’s a better way forward. To see through the bad offer on the table, […]

WSJ: Growing Resistance to Big Fossil-Fuel Projects; More Calls for Coal-Lease Reform; Paducah Power Stays the Course

THE WALL STREET JOURNAL TAKES PROMINENT NOTE THIS WEEK OF THE MOUNTING COSTS ASSOCIATED WITH POPULAR OPPOSITION to large new oil and gas projects in North America. The article, by Amy Harder, points out that the Keystone XL pipeline, once received as a jobs-creation investment, has become a touchstone of grassroots resistance that has risen […]

December 11, 2014 Read More →
Paducah Charade; Coal’s Shrinking Case for Exports; Australian Mine Falters

Paducah Charade; Coal’s Shrinking Case for Exports; Australian Mine Falters

CONFLICT OF INTEREST APPEARS TO BE AT THE HEART OF A DECISION BY PADUCAH  POWER SYSTEM not to declare bankruptcy, the Paducah Sun says in a searing editorial published this morning. The editorial voices deep skepticism that the no-bankruptcy decision was reached in unbiased fashion because PPS got its recent “expert” advice on it from […]

December 5, 2014 Read More →
More Hurdles for U.S. Coal Producers; Additional Detail From Paducah; Massey Indictment

More Hurdles for U.S. Coal Producers; Additional Detail From Paducah; Massey Indictment

THE EMISSIONS-CONTROL AGREEMENT SIGNED THIS WEEK BY THE U.S. AND CHINA stands to affect ambitious plans coal producers have in place for building export-driven operations in the Powder River Basin of  Montana and Wyoming. Darren Epps of SNL describes the ramifications in a piece this week that notes how the deal could drive coal prices […]

November 14, 2014 Read More →
Beyond Solyndra; No Relief in Paducah; Olives or Coal?

Beyond Solyndra; No Relief in Paducah; Olives or Coal?

THE U.S. DEPARTMENT OF ENERGY IS TURNING A PROFIT TODAY ON A CLEAN-ENERGY LOAN PROGRAM that was under political duress three years ago from the scandal surrounding the solar-panel company Solyndra. NPR this morning has a detailed piece describing how the program is working to strong effect now. A key passage: “The agency has loaned […]

November 13, 2014 Read More →

In Paducah, More Discontent, and a Ratings Watch; Skepticism in Australia; Indian Solar Cheaper Than Coal

FITCH RATINGS HAS PLACED PADUCAH POWER SYSTEM (PPS) on a ratings watch for its “constrained financial position” and “charged operating environment,” factors the agency says  “could limit the system’s return to stability.” “An October 2014 rate freeze that remains in effect exacerbates PPS’s financial challenges,” says a note published by Fitch on Monday afternoon. It […]

November 11, 2014 Read More →
‘Prairie State Is the Titanic’; New England Renewables; Powder River Basin Doubts

‘Prairie State Is the Titanic’; New England Renewables; Powder River Basin Doubts

THE PADUCAH POWER SYSTEM WILL OPEN ITS RECORDS around how it came to agree to its expensive long-term deal with Prairie State Energy Campus, the Paducah Sun reports this morning. An article by David Zoeller on a Thursday meeting of the PPS paints a picture of a city growing increasingly impatient and an electricity board […]

November 7, 2014 Read More →

‘Turmoil’ on Prairie State-Paducah Deal; Backlash Grows; U.S. Coal Lobby Digs In

THE BOND BUYER HAS PUBLISHED AN IMPORTANT ARTICLE under the headline “Prairie State Costs Fuel Turmoil at Kentucky’s Paducah Power.” The 1,400-word piece, by Shelly Sigo, appeared last night and lays out how the city of 25,000 is looking for a way out of its costly long-term relationship with Prairie State Energy Campus — and […]

November 6, 2014 Read More →

Call to Action in Paducah; IEEFA Makes Page 1 of The Guardian, Coal Phaseout in Denmark

THE PADUCAH SUN HAS PUBLISHED A CALL TO ACTION on the Paducah Power System’s costly deal with Prairie State Energy Campus. The Sunday editorial—which cites research by IEEFA—questions PPS Interim General Manager Mark Crisson’s counsel to be patient and wait for managers of Prairie State to get the plant into a condition that would produce […]

November 3, 2014 Read More →