Thursday, September 20, 2012

"GREASED LIGHTNING" olivia newton-john

It's electrifying!
Attended the Public Meeting at Galion, Ohio last night September 19,2012. Citizens from Painesville, Cleveland Bowling Green, Shelby and  even two ladies from Indiana, and of course Galion.

The presentation was by David Schlissel who I wish I knew him five years ago maybe he could have made his presentation to the administration as well as council.

I will try to scan the presentation into the blog. so that you also can review what was reviewed.

Mr. Schlissel told us we will soon be hearing from AMP-OHIO about a proposal they have about investing in a Nuclear Power Plant somewhere in South Carolina. Please wake me up.

Some people are far worse off then Painesville. Some depend on 40 to 50% of their power coming from Prairie State which could cost as much as $74.00 MWH as opposed to the market price of $40.00 MWH.
 Meigs County was also brought up as well as all communities involved asking for an Independent Audit on the "stranded costs" This Mr. DeLeone is the only way we might be able to lower our share of Meigs County.

Basic Questions about Prairie State:
When will the communities receive a full accounting for the cost of Prairie State?
How much will communities really be charged for power in future years?
What is the likely impacts of expensive Prairie State power on communities electric budgets and on the cost of electricity for residents and businesses?
Will communities have to postpone other needed  projects. Will  this deal make us less competitive with surrounding communities?
How much do Bechtel, Peabody and/or AMP-OHIO owe local communities for construction cost overruns and poor performance missed operations deadlines, and mine and ashfill risks?
How can the communities obtain an independent assessment and determine the best short and long-term financial,legal and government strategies?

Mr. Schlissel was asked what we should do next?
He mentioned admitting a big mistake was made. Beating up on people who invested your community in this deal will not provide you with any relief.
So we can "suffer" with this for the next decade or two.
We can partner with other communities and try to litigate ourselves out of this mess.
Or we can bring all parties to the table, communities, AMP-OHIO, Peabody and try to renegotiate this contract  where it will no impact our electric cost to the degree it will. I believe a community such as Columbia Mo. will default  Painesville share is 9.952 MW. Columbia Mo. is 50,000 MW if they default we as well as the rest of the communities involved are responsible for their share
.
After the meeting a gentleman came up to me and asked if I was from Painesville? I said yes He said he was from Crestline and was a cousin of our city manager he asked if I knew her? I said we have had conversations. He asked if she knew me?  I just told him tell her you spoke with Angelo that's all you will have to say.
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The Cleveland Plain Dealer reported today that Congressman Dennis Kucinich asked for a Federal probe on the dealing over Prairie State.

Ron Regan did another story on Prairie State yesterday view it at Channel 5 website.

4 Comments:

At September 20, 2012 at 8:50 AM , Anonymous Anonymous said...

Of course this entire fiasco is going to make Painesville and all other communities less desirable, more expensive to operate in and do business.

If a communities utilities costs are 30 or 40% higher, everything else being equal .. where do you think a company will want to locate to ?

Tiny New Bremen, Ohio will be the first to default .. they are getting 140% of their power from Prairie State. Their Mayor and city stooge manager there either took the bribes or drank the koolaid that they will be able to sell all the excess power.

 
At September 20, 2012 at 10:43 AM , Anonymous Anonymous said...

From last night ...

http://www.mansfieldnewsjournal.com/article/20120920/NEWS01/209200305/Coal-fired-plant-firing-up-rate-payers-Galion?odyssey=tab|topnews|text|Frontpage

http://www.crawfordcountynow.com/Galion-community-meeting-about-troubled-electric-p/14286750

Galion city council members are now flipping and admitting this is a disaster after being presented with the financial evidence.

The clock is ticking ... the financial hurricane is coming

 
At September 20, 2012 at 3:30 PM , Anonymous Anonymous said...

Galion council President Gail Baldenger said the report is biased against Amp.
"I wonder how many people who are here to night would come to hear what Amp has to say"?

Can anyone get Amp to respond, debate this issue? pretty sure Gail can't.

 
At September 20, 2012 at 6:57 PM , Anonymous Anonymous said...

The siuation is actually worse than they described ... as more amd more communities default on the bonds for PRAIRIE STATE, the remaining communities get stuck with the bill increasing costs ever higher.

Galion, Painesville and all the others are now responsible for the fiscal health of all the other communities .. this is beyond absurd.

http://galionlive.com/2012/09/20/expert-alleges-failure-to-disclose-will-lead-to-higher-energy-prices/

 

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