"MY CHERIE AMOR" stevie wonder

City of Marceline

MARCELINE, MO_ Last night, August 20, 2013, the Marceline City Council voted unanimously to approve a deal with the Missouri Joint Municipal Electric Utility Commission (MJMEUC) to exit its contract for 4MW of electricity from Prairie State Energy Campus. In the deal, the Missouri Public Power Pool (MoPEP) which already has a contract with Prairie State, will purchase Marceline's 4MW. Marceline will pay $22,000 a month for the next 45 months, saving Marceline an estimated $6 million over 5 years.

Peabody Energy, the world's largest private-sector coal company, conceive of the Prairie State Energy Campus, and then sold off  95% of the plant to hundreds of towns and cities across the Midwest. Peabody and other entities involved in Prairie State are under investigation by the Securities and Exchange Commission.

Now $22,000 a month times 45 months over $2 million and they will be saving over 6 million?
Having purchased less than half the power Painesville has? Seems like an interesting 'FACT' but not to at least six people in Painesville.

Another 'FACT' Marcelines  deal is only good until May 2017 then there back in the Prairie State game. It appears once your in you can't really get out.

Yes Moody rating service rates it an asset, I rate it a toxic asset. Moody can make that claim because the Bonds purchased by people are guaranteed by US!

Seems odd that leadership in this city seems to be jumping ship presently as well as last November, anyone else wonder why?

Look if this council can't even send a letter what chance do they have f really solving anything around here?