BATAVIA- “Residents at Monday’s Batavia City Council meeting objected to a proposed increase in their electric bills. Batavia Public Works Director Gary Holm has told aldermen that additional revenues would be needed to account for increased purchase power costs and the depletion of rate stabilization reserves.
Holm told aldermen that even though the city’s total consumption is down, its overall cost for purchase power is up. ‘For the period from 2010 to 2013, our purchase power costs have increased a total of $7 million, or about 30 percent,’ he said.
In 2007, the Northern Illinois Municipal Power Agency, of which Batavia is a member, agreed to a long-term power contract to purchase electricity from the Prairie State Energy Campus in downstate Illinois.
Resident Sylvia Keppel at Monday’s meeting criticized that deal. ‘I can’t understand why there were no escape clauses,’ Keppel said during a public hearing on the city’s proposed $95.6 million budget. ‘You left no out when you signed those contracts.’… ‘This is a toxic asset that we need to dump,’ Keppel said. ‘Have you thought about going after NIMPA that got us into this?’…
The Institute for Energy Economics and Financial Analysis in August 2012 issued a report criticizing the Prairie State Energy Campus with charging more for power than promised.”
By Eric Schelkopf, Kane County Chronicle