MARKETS

AMP-Ohio ties into Prairie State

AMERICAN Municipal Power-Ohio will buy 368MW of power from Peabody Energy's Prairie State Energy ...

Donna Schmidt
AMP-Ohio ties into Prairie State

The deal means AMP-Ohio will consume 23% of the project's output. It completes Peabody's partner agreements for Prairie State, of which it is retaining a 5% equity share.

"Participating in Prairie State is core to our strategy of securing a clean, low-cost, long-term supply of electricity to serve our 123 member communities," said AMP-Ohio president Marc Gerken.

AMP-Ohio serves a Midwest territory including Kentucky, Michigan, Ohio, Pennsylvania, Virginia and West Virginia.

The planned 16,000-MW Prairie State Energy Campus will be among the nation's cleanest coal-fired facilities, and will provide electricity for more than 1.7 million homes when it commences operation 2011 or 2012.

The new mine and power plant will create more than 500 permanent jobs and add annually almost $US125 million to the area's economy.

The project at its peak in the second quarter of 2010 will provide more than 2,300 jobs.

The Prairie State equity partner group now includes eight members with the AMP-Ohio addition; it joins the Illinois Municipal Electric Agency (IMEA), Indiana Municipal Power Agency (IMPA), Kentucky Municipal Power Agency (KMPA), Missouri Joint Municipal Electric Utility Commission (MJMEUC), Northern Illinois Municipal Power Agency (NIMPA), Prairie Power Inc., Southern Illinois Power Cooperative (SIPC) and Peabody Energy subsidiary Lively Grove Energy Partners.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production