Facing daunting liabilities from investments in the Prairie States Energy Campus and a local nearly idle natural gas turbine peaking plant, Paducah Power got an earful from irritated customers who attended a city commission meeting Tuesday to complain about oppressive rates. After forsaking TVA as its power provider in favor of the southern Illinois Prairie States start-up, Paducah Power was forced to raise rates and add a surcharge when the Illinois power plant failed to achieve the predicted economies of scale. Ratepayers in one Illinois community have served notice they are filing suit. Other communities are looking for relief from ssive rates. Some skeptics, such as David Schlissel with the non profit Institute for Energy Economics and Financial Analysis, remain pessimistic on the long term outlook for the plant. Read his analysis here.
Follow WPSD-TV’s coverage of the local electricity price controversy