Wabash Valley Power Acquires Peabody’s Stake in Prairie State Energy Campus for $57 Million, Ill.
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Peabody Energy has completed the sale of its 5.06 percent participation interest in the Prairie State Energy Campus to the Wabash Valley Power Association for $57 million.
Peabody expects to use the transaction proceeds for general corporate purposes.
Prairie State is a 1,600 megawatt coal-fueled electricity generation plant and adjacent coal mine in Washington, St. Clair and Randolph counties in Illinois, and the plant commenced operations in 2012. It is among the cleanest coal-fueled plants in the nation and the lowest fuel cost coal plant in the United States.
About Peabody Energy
Peabody Energy is the world’s largest private-sector coal company and a Fortune 500 company. The company serves metallurgical and thermal coal customers in 25 countries on six continents.
To stop by Peabody Energy’s website, CLICK HERE
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