For example, IEEFA found that Cleveland Public Power (CPP) and its ratepayers had paid at least $106 million more for power from the two projects through the end of 2019 than it would have cost the city to buy the same power from the competitive wholesale PJM markets.
Newly available data covering the period January 2020 through July 2021 show that CPP has now paid $148 million more for power from the two AMP projects during the past nine years than the same capacity and energy would have cost from the PJM markets.
All AMP members participating in either or both of the projects have paid significantly over market prices. Actual amounts vary by city, according to the contracted megawattage for each project.
IEEFA expects the communities will continue to pay millions in unnecessary costs to AMP unless they are able to revise or terminate their contacts.