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Prairie State Generating Company LLC history
Prairie State Generating Company LLC company history timeline
Organizing efforts began roughly in 2004.
Batavia's relationship with the Prairie State Energy Campus, finalized in 2007, and involving issuance of bonds by the partnership it formed with the Cities of Geneva and Rochelle, has been the topic of much discussion.
But the promise never materialized—plant construction ran $1 billion over budget, and operating failures since it opened in 2012 have pushed the price of the electricity it produces through the roof.
A Fitch Ratings review in November 2014 said Paducah Power System, the local entity that bought into Prairie State, had only two weeks of cash on hand.
There’s also the bit of history surrounding the town of Marceline, Mo., which set a precedent in 2014 by negotiating an exit from its deal with Prairie State, calling the plant a “toxic asset” it couldn’t afford.
September 2, 2015 - Relation with Prairie State Energy Campus
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Prairie State Generating Company LLC may also be known as or be related to PRAIRIE STATE GENERATING CO and Prairie State Generating Company LLC.