"LAWYERS IN LOVE" jackson browne

Seems the residents in Bowling Green had an interesting meeting at Mondays AMP-OHIO traveling roadshow.
I guess they the AMP executives took many questions from people in attendance.

John Bentine counselor for AMP explained that the loss of the lawsuit to Bechtel has already cost $ 8.5 million to date in legal costs. One guess who's on the hook for those costs? Forget the interest costs what about these legal fees? Litigatin' ain't free boy!

AMP also said that of 12/31/13 they had borrowed $7 million on their line of credit for "levelizing" the cost of Prairie State ( they apparently ran out of reserve and contingency funds from bonds that they were using for levelization.)

Now the Prairie State plan for all the souls involved.

IF Prairie State can run at a perfect capacity factor (88-90%) for the near future they will charge shareholders $73/MWH this year hardly a bargain, the going rate is less than $50/MWH. Now if they CAN'T reach those numbers at the end of 2014 Prairie State communities will have to payback whatever is owed.

At the last council meeting I don't believe it was made clear the amount owed AMP-OHIO was for that month and not a running total of what Painesville currently owes. I will try to give you a running total though March of this year.

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Best estimation presently Painesville City owes AMP-OHIO $960,000 + in levelization
  Get the checkbook ready!