"CAN'T TAKE MY EYES OFF OF YOU" frankie valli
Came across this story the other day. I have known about the closing/conversion of the First Energy Eastlake Power Plant I guess I just missed who the major player was in this deal. Wonder how long before AMP-OHIO comes to us with another can't miss deal?
AMP-OHIO will work with First Energy to construct a natural gas fired plant in Northeastern Ohio. on the site of the former Eastlake Power Plant. The plant will have a 873 megawatt capacity.
AMP-OHIO will own 75% of the electric power and First Energy 25%. First Energy will also oversee construction and management of the plant.
This is a nonbinding agreement and either party may end at their discretion.
AMP-OHIO is in the middle of a building and purchasing boom borrowing billions of dollars to build or buy into a series of power plants.
The question is who's realing borrowing the billions?
posted by terminator1 @ 6:11 AM
11 Comments
11 Comments:
another sales pitch coming for all the AMP sucker communities soon .. payoffs and bribes to city council members on the way
6:56 Just to clarify this. There has never been the mention of payoffs or bribes to anyone.
This failure encompasses so many communities in not just Ohio but in other states. If any illegal payoffs were made I think by know it would have surfaced somewhere.
We have a group of administrations, as well as city councils who might not have done the proper homework and trusted what people were telling them about power needs and costs in the future.
Seems odd that the only ones that seemed to lose money were the communities.
As far as Prairie State Painesville was told at the time it was almost a "turn key" operation.
As we look closer into this deal when and why did Peabody Energy decide to be so generous and sell all but 5% of their investment?
What happened to the promise of power at $32MW.
Truth be told everybody involved in this enterprise in Painesville knew very little about the electric power makets. Some pretended they did.
As terrible deal this has worked out to be. I wouldn't feel so bad if someone had a selfish reason'
Amp will soon be visiting with another toxic asset deal wonder who will promote this one?
Your spot on about no one knowing about how the power system works.
Most lights went out in Painesville this morning? Must have been a powerful storm?
@6:56
Term .. payoffs .. bribes .. quid pro quo .. we do know that city officials have quit their city positions to go work for AMP after contracts were signed in some communities .. what would you call that ? I think it was mentioned the Galion City finance director quit in Galion to go work for AMP after the contracts were signed to purchase 300% more power than their community needed .. he was the one that advised them to do it.
Everyone seems to forget that Obama promised before he was even elected the first time that anyone investing in coal would go bankrupt, guess he really does keep his promises.
The problem started long before President Obama.
6:56 I can't speak for Galion but no one from Painesville better be hired by AMP-OHIO.
Most lights out in Painesville? Yes, they were but mine were out for 2-3 minutes. You must be from that Cleveland news station that sensationalizes EVERYTHING.
Above post speaks truth and no comeback? Love it when you don't have the comment back when it is the truth.
At the council meeting last night Doug Lewis mentioned the city wide blackout and assured everyone power was restored to the whole city in 30 minutes?
The lights go out from time to time.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home