Rushville Republican

News

July 2, 2013

Indiana AG asked to investigate power contract

A consumer-rights group, the Citizens Action Coalition, is asking in a letter to the state Attorney General to investigate whether over 50 communities buying electricity from the Indiana Municipal Power Agency are getting the low-cost electricity promised by IMPA’s investment in the Prairie State Energy Campus in southern Illinois.

According to Lindsay Shipps, a community organizer with the CAC, the state is being addressed because IMPA has a 12 percent stake in the plant.

“We’re asking the Attorney General to investigate any potential misrepresentation that occurred in pitching communities this plant and investing in a contract to purchase power from IMPA with this plant until 2042,” she explained.

Peabody Energy, the developer of Prairie State, has disclosed that the U.S. Securities and Exchange Commission is investigating issues related to the development of the plant.

The CAC is also urging leaders in IMPA communities to determine if they’re paying more for electricity than the price on the wholesale market.

Shipps stated that earlier this year, citing high costs, the Missouri town of Marceline announced it wanted out of its contract with Prairie State.

“Other communities, other states are noticing that this is increasing their costs,” Shipps said. “Why aren’t we doing the same?”

According to Tom Sanzillo, director of finance for the Institute for Energy Economics and Financial Analysis, they have documents showing that the promised Prairie State price for electricity in 2007, when the plant was being developed, was $43 to $45 a megawatt hour. Sanzillo declared that last year’s actual costs from two states were higher than what had been pitched.

“The Ohio numbers that we have - and there we get billings, right? - from the community, that was at $57.25 a megawatt hour,” he specified. “And, then in Missouri, it was $59.24 a megawatt hour; that’s about 35 percent above what they had promised them.”

Not all communities with contracts with Prairie State are dissatisfied. The Danville, Virginia, utilities director is quoted as saying their contract can still pay off and be a good investment, if the economy turns around and energy costs are driven up.

More information is at IEEFA.org.

1
Text Only
News
  • RCS and Chamber working together for kids The foundation for a new collaboration between Rush County Schools and the Rush County Chamber of Commerce was recently laid at a reception held by the Chamber board of directors for members of the Board of Education. “It didn’t really take long for

    July 25, 2014

  • Briefs ObituariesDavid W. Craven, 53Ouida Jaunice Howington, 84Kenneth L. King, 62Aaron Lee Meal, 40Thanks!The Rushville Republican thanks the following persons for their subscription to and support of this newspaper:Bowles Barber ShopFrances MozingoDo you

    July 25, 2014

  • rv 072514 cutout sundae July 25 National Hot Fudge Sundae Day Today is National Hot Fudge Sundae Day! A sundae is the perfect treat to enjoy on a summer night. The cold ice cream paired with a warm, chocolate topping is one of the most delicious combinations known to man. Add some nuts, whipped cream, and cherr

    July 25, 2014 1 Photo

  • Pope meets Christian sentenced to death for faith ROME (AP) - Pope Francis met privately Thursday with a Sudanese woman who refused to recant her Christian faith in the face of a death sentence, blessing the woman as she cradled her infant born just weeks ago in prison.The Vatican characterized the

    July 25, 2014

  • nws-rv072514-bbbs logo Big Brother Big Sister holds fundraiser Big Brothers Big Sisters of Rush County will be selling mums throughout the month of August.Becker’s Greenhouse of Cambridge City provides the hardy mums annually. Last year, over 1,000 mums were sold.On the last Sunday of August last year, the 1st P

    July 25, 2014 1 Photo

  • 1 fd steam 072514 pic Steaming toward another successful event The 66th annual Indiana Pioneer Steam Engine Show and Reunion will be held beginning Thursday and continue through Aug. 3 at Caldwell Acres, 3707 South CR 200W.A number of local volunteers and others have been at the location in recent days and weeks

    July 25, 2014 1 Photo

  • nws-rv072514-EMA logo Plans are underway for Emergency/Disaster and Preparedness Fair Plans are under way for the 2014 Emergency/Disaster and Preparedness Fair to be held from 9 a.m. to 1 p.m. Sept. 6, 2014 at Riverside Park Amphitheater.“This is an opportunity to help the public to learn how to be better prepared for emergencies and

    July 25, 2014 1 Photo

  • West Nile virus confirmed in Rushville The City of Rushville is positive for mosquitoes carrying the West Nile Virus. No human cases have been confirmed at this time. The disease is one of birds, transmitted by mosquitoes, but can also cause illness in humans and horses. All citizens are

    July 22, 2014

  • What a trip My wife is planning a very exciting vacation to celebrate our 35th wedding anniversary. This was a big surprise to me. Not the vacation part, but the 35 years. I thought it was 34. Right now she is on the back porch, the patio table stacked high with

    July 22, 2014

  • ent-rv072214-purple xperience pic The Purple Xperience hits Rushville stage RUSHVILLE - The next performance of the 2014 Rushville summer concert series is Minneapolis based The Purple Xperience (featuring two-time Grammy Award winner Matt “Doctor” Fink, former member of Prince and The Revolution) with special guests, The He

    July 22, 2014 1 Photo

Featured Ads
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.