"FOUND OUT ABOUT YOU" gin blossoms

Sad enough to make you cry
All the lines you wrote to me were lies

Well let's give the State of Virginia  a thank-you finally someplace that seems to care if their communities are getting hosed!

As we here in Ohio sit on our collective hand some places actually give a damn!

 

mayor of martinsville is leading the effort against an electric company selling its shares. the issue: the mayor and other state leaders believe this could seriously finanicially hurt many communities throughout virginia. wdbj7's danielle staub explains. martinsville mayor danny turner continues to speak out against the sale of peabody electricity's share in the prairie state project. that electric plant in illinois is supplying electricity to 200 communities across the united states, five of those here in virginia. "made wild promises. they made promises that the plant could be built for 1.8 -- 1.9 billion dollars." mayor turner says things have changed since martinsville signed into the electric contract 8 years ago. "they dump their shares at 20 cents on the dollar so at 20 cent on the dollar our debt service plus compared to the assets makes this a very bad deal. turner does not want peabody electricity to sell its shares below market value. "we want ferc to examine the financial impact on the localities before they allow the sale to go through. " to help create a voice, state senator bill stanley and delegate danny marshall have written letters to f- e-r-c or the federal energy regulatory commission in hopes they will prevent the sale. turner says the taxpayers could owe over 28 thousand dollars if peabody electricity pulls out of the deal. "the citzens would owe that much. they have signed a blank check over to these people. saying we will buy electricity and pay debt service and in exchange it won't count as debt against our bottom line." american municipal power which provides elecricity to 130 communities disagrees with mayor turner concerns. leaders in danville say a-m-p has assured them they will not be impacted. danville utilitiy leaders tell wdbj7 --- peabody energy has the legal right to sell its share of the campus to a third party at whatever price it deems appropriate. and this sale by a financially stressed entity does not reduce the long term "asset" value" of prairie state. mayor turner will be presenting this issue at city council tonight and then wait to hear on a decision from ferc. in martinsville danielle staub wdbj7. interstate

MARTINSVILLE, Va. - The mayor of Martinsville is leading the effort against an electric company selling its shares.

Tuesday night, city council voted 5-0 approving the letters from state leaders to be sent to the Federal Energy Regulatory Commission.
The mayor and other state leaders believe this could seriously financially hurt many communities throughout Virginia.
Martinsville Mayor Danny Turner continues to speak out against the sale of Peabody Electricity's share in the Prairie State Project.
That electric plant in Illinois is supplying electricity to 200 communities across the United States, five of those here in Virginia.

"Made wild promises. They made promises that the plant could be built for 1.8, 1.9 billion dollars," Mayor Danny Turner said.

Mayor Turner says things have changed since Martinsville signed into the electric contract 8 years ago.

"They dump their shares at 20 cents on the dollar so at 20 cent on the dollar our debt service plus compared to the assets makes this a very bad deal," Turner said.

Turner does not want Peabody Electricity to sell its shares below market value.

"We want FERC to examine the financial impact on the localities before they allow the sale to go through," he said.

To help create a voice, State Senator Bill Stanley and Delegate Danny Marshall have written letters to FERC or the Federal Energy Regulatory Commission in hopes they will prevent the sale.
Turner says the taxpayers could owe over $28 million if Peabody Electricity pulls out of the deal.

"The citizens would owe that much. They have signed a blank check over to these people. Saying we will buy electricity and pay debt service and in exchange it won't count as debt against our bottom line," Turner said



American Municipal Power which provides electricity to 130 communities  disagrees with Mayor Turner concerns.
Leaders in Danville say AMP has assured them they will not be impacted.

Danville utility leaders tell WDBJ7; "Peabody Energy has the legal right to sell its share of the campus to a third party at whatever price it deems appropriate. And this sale by a financially stressed entity does not reduce the long term "asset" value of Prairie State."

Mayor Turner will be presenting this issue at city council tonight and then wait to hear on a decision from FERC.

• Copyright © 2016, WDBJ7

Don't hold your breathe waiting for Painesville to join in!

I've watched long enough to know that politics can be a dirty business. That said as you watch the going's on  the Republican side it seems we are now accusing candidates of peeing themselves?
I guess sweating profusely wasn't enough. Believe me as the world watches this the theory of 'American Exceptionalism  ' is going out the window.
Christy will soon be out of his job as New Jersey Governor and probably would like to be Attorney General in a Trump administration? Great now every bridge in America will be blocked.
Honestly... can't wait for the next food fight!