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Ohio towns have buyer’s remorse over Prairie State Energy Campus

The Prairie State Energy Campus under construction in November, 2010.

COLUMBUS — “Since March, some budget-strapped communities in Ohio and other states are paying hundreds of thousands of dollars a month — even though the plant is not yet providing them power.

‘Problem is the bills came but the electricity did not,’ said Tom Sanzillo, former first deputy comptroller of New York and director of finance for the Institute for Energy Economics and Financial Analysis. ‘Now they are paying for electricity not received and having to buy the real, useable electricity on the market, to boot.’

Ohio is committed to buying the largest chunk of Prairie State’s power, since American Municipal Power Inc. contracted to buy 23 percent of Prairie State’s electricity on behalf of 68 members, 60 of them in Ohio. The Illinois Municipal Electric Agency owns the next largest stake at 15 percent.”

— Kari Lydersen, Midwest Energy News

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