Cleveland is among 60 municipalities across Ohio paying twice as much for electric power after buying into $5 billion power plant.
CLEVELAND - The Federal Energy Regulatory Commission is being asked to investigate allegations that ratepayers in Cleveland and 217 municipalities across the Midwest are on the hook for a new coal fired power plant.
The call for a federal probe of the Prairie State Power Plant follows an exclusive 5 On Your Side investigation in July that raised questions about the deal that was charging ratepayers for electricity that was not being produced.
Congressman Dennis Kucinich requested a federal investigation into the plant in a letter sent to regulators September 18, 2012.
In the letter, Kucinich called for an investigation into "any and all agreements between owners of the Prairie State Generating Company, such as American Municipal Power, and the owners' member municipalities such as Cleveland Public Power."
Kucinich cited a new report released by the Institute for Energy Economics & Financial Analysis that alleges electric customers in Cleveland and across the Midwest will pay "more than 100 percent of the original promised cost of electricity."
The Prairie State coal plant is located in Southern Illinois and was built with bonds raised by Cleveland and other municipalities.
It came under scrutiny when the plant fell behind schedule that resulted in costly overruns.
Ohio's Attorney General has been asked to investigate "potential fraud" involving a multi-billion dollar coal plant supplying power to Cleveland and scores of cities across Ohio and the Midwest.
A government probe into a $5 billion electric generating plant supplying power to Cleveland and cities across the Midwest is triggering concerns over future rate hikes.
The Federal Energy Regulatory Commission is being asked to investigate allegations that ratepayers in Cleveland and 217 municipalities across the Midwest are on the hook for a new coal fired power plant.
A Cleveland councilman says rate payers are "getting hosed" in a $5 billion electric power plant deal that produced zero electricity for months.
Cleveland is among 60 cities and towns across Ohio that paid millions of dollars in bond payments for a new, $5 billion power plant that produced no electricity for months.