Monday, February 16, 2015

"YOUR CHEATIN HEART" hank williams

Many allegations of what was and wasn't promised with the purchase deal of Prairie State Energy Campus. $48.06 was JUST an estimate  and $100.00  cost a reality.

But one thing stands out more than anything else in this ruse on communities all over the Midwest. What was Peabody Coal complicity?

Recently Jeff Parsley a former TVA executive and energy consultant made this quote;

One of the biggest problems has been the quality of coal. The mine that supplies Prairie State has "the worst quality of coal I've ever seen as an analysis on in my 35 years in the coal industry."

Ton for ton, it produces almost twice as much ash  as normal coal when burned, the heat content is very low and the coal is dirty with a lot of rock.

Odd none of this came up when AMP-OHIO took the "PSEC" sideshow on tour to 68 Ohio communities. Maybe they didn't even know?

But you can bet your last dollar Peabody Energy knew. Why else dispose of 95% of this wonderful energy investments? Peabody knew exactly what the content of the coal at the Lively Grove Mine consisted of.

A question arises are city councils as well as administrator educated enough about electricity to make commitments as they did?

Did Peabody Energy take advantage of  these people for their own benefit?

Odd that a wonderful opportunity to purchase power in this endeavor....
Not one privately held energy company chose to get involved in this miracle of power for the next 50 years. Wonder why? Maybe they did their homework.

As it stands every community who purchased into this scheme should be allowed to defund itself from what they bought. If it is such a successful endeavor Peabody Energy should have no problem selling shares in this project.

I guess it comes down to is "Take or Pay" the same as "Come Hell or High Water"

"Sure I'll love You in the Morning"  Must be Peabody's motto?

As was once told to me, "I PROUDLY submit this article"

Back to Painesville for a second.AMP-OHIO sends a monthly statement to the city with a list of what percentage and cost are from  our diverse suppliers. Painesville not producing power could very easily show us what a kilowatt of electricity plus transmission cost the city. Also what they end up charging residents as well as our biggest industrial users.

1 Comments:

At February 16, 2015 at 12:44 PM , Anonymous Anonymous said...

You do make a bunch of good points. If it is such a great deal Peabody should be able to sell stock in this project?

 

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