American Municipal Power

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 (pdf) By David Schlissel, Director of Resource Planning Analysis, Institute for Energy Economics and Financial Analysis

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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  

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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

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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)  

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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)

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Report- The Prairie State Coal Plant: The Reality vs. the Promise

Report- The Prairie State Coal Plant: The Reality vs. the Promise (pdf).

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More News and Commentary

Uncomfortable Questions in the Wake of Peabody’s Sale of Its Remaining Stake in a Costly Midwestern Coal-Fired Plant

Prairie State Energy Campus Is Worth Only a Fraction of the $5 Billion Local Municipalities and Regional Power Authorities Owe on It

Peabody Energy’s decision to sell its share of the Prairie State Energy Campus for 23 percent of its original value is just the most recent—but perhaps the starkest—reminder that this project is a financial failure. IEEFA has chronicled financial weaknesses of the Illinois plant since before it opened in 2012, and warnings around its viability […]

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BOND ISSUANCES AND PROJECT DOCUMENTS

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 […]

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Blowback in Virginia on Economic Damage From Prairie State Power Plant

The mayor of Danville, Va., tells the president and CEO of American Municipal Power, one of the architects of the city’s deal to buy into Prairie State Energy Campus: “This is really hurting our community and our citizens; I don’t think you really understand that.” Danville Utility Commission blames Prairie State Project for Rate Woes

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Paducah Officials ‘Not Sweating Prairie State’s Lower Output’

Executives at Paducah Power System say they will stay the course on their commitment to Prairie State Energy Campus, the costly and poorly performing coal-fired power plant. In an article in this morning’s Paducah Sun, David Zoeller quotes PPS officials as being largely unmoved by worries that the plant is a drain on the economic […]

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Bond Buyer: ‘Report Urges Muni Market to Provide Relief to Prairie State Municipalities’

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 […]

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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 […]

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The Truth About Prairie State Energy Campus (Part 3): A Crippling Burden to Its Many Towns and Cities

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 […]

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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 […]

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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 […]

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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 […]

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