Breaking News Bar
posted: 8/29/2014 12:01 AM

Peabody energy deal needs to be probed

hello
Success - Article sent! close
 

Peabody energy deal needs to be probed

As a Batavia resident, I'm extremely concerned about our contract with Prairie State Coal Plant via the Northern Illinois Municipal Power Agency. In 2007, Batavia was one of a few hundred municipalities across the Midwest who signed a contract to purchase electricity from the Prairie Coal plant, which Peabody Energy was to trying to build in southern Illinois. Peabody sold us on affordable, reliable and clean electricity for the foreseeable future.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

None of these panned out. Costs for constructing the plant went a billion dollars over budget. Batavia has had to raise its rate and sales tax, and these don't even begin to cover the cost of our ownership. They have had to take $2 million from the city's utility reserves to plug what we owe and that still isn't even enough. Our costs are twice the industry rate and are continuing to rise. Likewise the plant is far from clean. It's, in fact, the largest point source of carbon dioxide built in the last 25 years in the U.S.

There's no reason that Batavia should be willing to raise costs for its ratepayers only to support a dirty and inefficient coal plant. So far, the council is unwilling to act and protect its ratepayers. Rep. Tim Schmitz has asked for an Attorney General investigation into this contract. It's time for our city council and the mayor to join him. If Peabody knowingly presented misinformation to our city and others, they need to be held accountable.

Brad Lipman

Batavia

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.