COLUMBUS — “Sixty municipalities statewide are trapped into long-term energy contracts that could end up costing many of them more than $1 million per year, according to a new report from the Institute for Energy Economics and Financial Analysis.
The Prairie State Energy Campus, a 1,600-megawatt clean-coal power plant and adjoining coal mine in Washington County, Ill., was supposed to provide utilities and co-ops serving 217 municipalities across eight states with cheap electricity produced with low emissions.
Since Prairie State’s first generator came online three months ago, some Ohio cities have had to pay around $60 per megawatt-hour, rather than market prices of $40 and below…
…The report included projections of total cost increases through 2025 for several Ohio cities. These were: Bowling Green, $27 million; Celina, $12 million; Cleveland, $19 million; Galion, $8 million; Hamilton, $27 million; Hudson, $8 million; Napoleon, $4 million; New Bremen, $5 million; Piqua, $15 million; Shelby, $3 million; Tipp City, $8 million; Versailles, $3 million.”
— Jon Cassidy and Carten Cordell, Watchdog.org