Russ,
I know you were told Galion can sell the excess power if the city does not need it.
Lets take a look at the AMP contract. This is from Yellow Springs, Ohio. Yellow Springs is one of three in Ohio that told AMP to go jump in the Scioto river and stick your contract where the sun doesn't shine. Every contract between each community was the exact same, the only difference was the power purchase requirements and the name of the communities involved.
Go down to page 21, section C and click on that. It in you'll see where AMP is the only one that has authority to sell excess power, not Galion. Any community that does not need the excess power, AMP will make an effort to sell it, but there are no guarantees. Take into account this power will cost 40 - 50% more than they can get any where else.
http://www.ohiocitizen.org/campaigns/coal/Ohio%20Cit%20Action%20feb...
Ask the citzens of Orrville how that worked out ? The got suckered into buying into the soon to be closed Gorsuch coal plant, they never used a single watt from the place, and now have a huge bill from AMP for the EPA fines, clean up and dismantling of that plant. Citizens are furious over there.
http://www.the-daily-record.com/news/article/4842747
Looks like their string of good luck with companies moving in might be over soon.
Demand for electricity was dropping even before the economy went into the tank and it's shrunk even much further since then. Infact it has forced AEP in Ohio to mothball several plants that can be fired back up again should the need arise, but they don't see that happening for a while, if ever.
http://online.wsj.com/article_email/SB122722654497346099-lMyQjAxMDI...
Again Galion is reponsible for anywhere between 300 - 400 % more power than the city needs on an everday basis for the next 50 years. Kind of like you going to Granny's Kitchen everday and ordering up a table full of food, then trying to consume as much as you can, and what you can't then hoping some one will buy this and that off your table. You only have 24 hours to consume it or sell it all as more food is coming and you start the entire process all over again
Russ, you'll end up like this character from Monty Python.
WARNING THIS IS DISGUSTING, but funny.
http://www.youtube.com/watch?v=aczPDGC3f8U&feature=related
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Permalink Reply by Anthony on September 2, 2011 at 1:15pm No grease required, here it comes...
http://galioninquirer.com/2011/09/city-discusses-rate-study/
Notice how this won't come out until after the elections...
Permalink Reply by Anthony on September 6, 2011 at 10:44am Why don't you worry about how to file election papers properly...it's called information, something you can't understand.
While the rest of Ohio is enjoying an elecrtical price war, Galion gets left out....
http://www.dispatch.com/content/stories/business/2011/09/04/aep-riv...
Permalink Reply by Anthony on September 6, 2011 at 3:48pm Nobody can do this in Galion.....
http://www.bucyrustelegraphforum.com/article/20110906/NEWS01/109060...
Permalink Reply by Anthony on October 5, 2011 at 12:14pm Just weeks away until the doomsday machine is fired up.
http://www.coalage.com/index.php/news/news/1276-prairie-state-energ...
AMP told all the communities the total cost was only going to be 2 billion, it mushroomed to over 4 billion dollars.
Who do you think is going to pay for that ?
HINT...It's not AMP
Permalink Reply by Anthony on October 10, 2011 at 11:45am FITCH RATINGS issue warnings to bond holders of the DOOMSDAY MACHINE
http://mopepmachine.blogspot.com/2010/10/fitch-ratings-issues-warni...
Permalink Reply by Anthony on October 13, 2011 at 1:18pm Galion schools will never be able to do this
http://www.mansfieldnewsjournal.com/article/20111013/NEWS01/1101303...
Permalink Reply by Anthony on October 24, 2011 at 10:38pm By February, you'll feel the full brunt of this decision city council members made..
http://mopepmachine.blogspot.com/2010/08/chicago-tribune-expose-exp...
Small Missouri community sues and gets out in a nick of time...
http://mopepmachine.blogspot.com/2011/06/its-done-owensville-is-fre...
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