Prairie State Energy Attracting Investors for 500-Megawatt Project

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Researched by Industrial Info Resources (Sugar Land, Texas). Prairie State Generating Company, LLC, a joint venture between Peabody Energy Corporation (NYSE:BTU)(Saint Louis, Missouri), and a group of six Midwestern municipal and electric cooperatives that own 47% (705 MW) of the project are developing a 1,500-megawatt (MW) clean coal technology power plant to be built in Lively Grove, near Marissa, Illinois in Washington County. The group of municipal and electric cooperatives consists of Indiana Municipal Power Agency (IMPA) (Carmel, Indiana), Municipal Power Agency of Kentucky (MEPAK) (Frankfort, Kentucky), Missouri Joint Municipal Electric Utility Commission (MJMEUC) (Columbia, Missouri), Northern Illinois Municipal Power Agency (NIMPA) (City of Batavia, Illinois), Soyland Power Cooperative Incorporated a division of Continental Cooperative Services (CCS) (Harrisburg, Pennsylvania) and Wolverine Power Supply Cooperative Incorporated (WPSC) (Cadillac, Michigan).

The new coal-fired power plant will utilize the latest offerings of control technologies (B.A.C.T.) to keep emissions to a minimum. The power island will consist of two supercritical (3,500+ MM lb/hr) boilers each to drive a 750 MW steam turbine/generator. The emissions reduction equipment on each unit will include low NOx burners (LNB), selective catalytic reduction (SCR), wet and dry electrostatic precipitators (ESP), wet flue gas desulfurization (FGD) scrubbers plus additional equipment to suppress carbon oxides and dust.

Peabody is looking for investors or power purchase agreements that will total an additional 500 megawatts to 645 megawatts of the 1,500 megawatts to make it economically feasible to release engineering and construction firm Fluor Corporation (NYSE:FLR) (Aliso Viejo, California) to proceed. Peabody hopes to have a total of 80-90% (1,200-1,350 MW) of the output or interest sold and construction underway by the fall of 2006 for commercial operation by fall 2010.

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