Vote Would Approve Energy Center Purchase

5 years 8 months 6 days ago March 28, 2011 Mar 28, 2011 Monday, March 28 2011 Monday, March 28, 2011 1:46:00 PM CDT in News
By: Brian Johnson

COLUMBIA - City officials urged voters Monday to approve Proposition 2 next Tuesday authorizing the purchase of the Columbia Energy Center from Ameren Missouri. The proposition's passage would give the city the right to buy complete ownership of a natural gas power plant on the northeast side of the city.

Ameren Energy Marketing currently owns 75 percent of the center, while the city owns 25 percent. Columbia Water and Light estimates it will save about $1 million per year in lease payments by owning the plant outright.

"By having it here locally, we have a lot more flexability," said Mary Wilkerson, the citizen co-chair of the Propostition 2 committee. "It creates an ability for us to actually sell and buy power at a more reasonable rate."

The Columbia Energy Center only operates during peak times, like in August when many people run air conditioning. The rest of the year it benefits the city through its purchasing power. Since the city is more self-sufficient, it can purchase energy at lower prices, said Connie Kacprowicz, a public information specialist for the city of Columbia.

"The bond payment, or if you are looking at it from a personal perspective, the mortgage payment will be cheaper than the rent payment," said Kacprowicz. "Our leasing option would cost us more than just buying the facility and in the end we own the facility." The city said purchasing the plant will not create a tax increase or electricity rate increase.

Purchasing the Columbia Energy Center will cost $49.5 million. But officials said there will be no electricity rate increases. There will also be no tax increases. The money to pay back the bond amount will come from future utility payments and the savings on leasing the plant.

Five percent of Columbia's energy supply comes from renewable energy sources such as wind and solar energy. The city said it needs resources like the Columbia Energy Center because renewable energy is intermittent and does not consistently provide the city energy.

"If you use electricity and you rely on electricity, then this is a great way to help ensure that it will be there when you need it," said Wilkerson.

But not everyone thinks purchasing the plant is a good idea.

"I would be against owning the power plant becasue it is run off of fuels that are very damaging to the earth here and now," said Elliott Usher, a Columbia citizen. "$50 million is a lot of money. I am sure that $50 million could go a long way towards making Columbia a green energy hub," said Usher. "If we can increase our green energy we can increase Columbia's attraction to businesses and other people."

And, as KOMU previously reported, buying the plant from a private company would mean Columbia Public Schools would lose tax revenue Ameren is paying now.

Below is the exact wording for Proposition two as it is seen on the ballot.

"CITY OF COLUMBIA PROPOSITION 2

Shall the City of Columbia, Missouri issue its Water and Electric System Revenue Bonds in the amount of Forty-nine Million Five Hundred Thousand Dollars ($49,500,000) for the purpose of extending, expanding, improving, repairing, replacing and equipping the City-owned waterworks and electric systems including purchasing the outstanding shares of the Columbia Energy Center?

( ) YES
( ) NO

The authorization of the bonds will authorize the City to fix, establish, maintain and collect rates and charges for the use and service provided by the City through its Waterworks and Electric Systems, including all extensions and improvements thereto hereafter constructed or acquired by the City, in addition to the other rates and charges for such services provided by law, as will produce income and revenues sufficient to provide funds to pay the costs of operation and maintenance of the Waterworks and Electric Systems and the principal of and interest on the bonds as they become due and to retire the same within thirty-five years from the date thereof, and to provide for the establishment of reasonable reserves therefor.

Instructions to voters:
If you are in favor of the proposition, darken the oval opposite "YES". If you are opposed to the proposition, darken the oval opposite "NO"."

 

More News

Grid
List
COLUMBIA - Following the election of Donald Trump, some students gathered for what they called a "positivity event". KOMU sent... More >>
3 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 7:05:00 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers are proposing bills that would make attacking a law enforcement officer a hate crime.... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:51:13 PM CST in News
JEFFERSON CITY (AP) — Lawmakers are proposing bills that would make Missouri a right-to-work state. The Springfield News-Leader... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:46:41 PM CST in News
KANSAS CITY (AP) — A former Kansas City, Missouri, man has been sentenced to 15 years in prison for his... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:23:47 PM CST in News
JEFFERSON CITY - Gov. Nixon and his wife Georganne kicked off the holiday season in the state's capital with Friday's... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:36:00 PM CST in News
POPLAR BLUFF (AP) — A Missouri man who spent eight years behind bars for murder has been acquitted in a... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:26:56 PM CST in News
KANSAS CITY (AP) — Authorities said fireworks that were mistaken for gunshots led to a standoff near Rockhurst University. ... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:09:14 PM CST in News
ST. LOUIS (AP) — The former general manager of a suburban St. Louis car dealership is accused of defrauding the... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:05:38 PM CST in News
KANSAS CITY (AP) — The incoming president of the University of Missouri System and officials attending a welcoming ceremony in... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:00:15 PM CST in News
COLUMBIA - A $2,000 donation will help protect South Callaway residents from potentially deadly house fires. Safeco Insurance's Protecting... More >>
7 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:52:00 PM CST in News
JEFFERSON CITY - A Fulton woman has pleaded guilty to money-laundering related to distributing synthetic cannabinoids, or K2, at businesses... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:45:00 PM CST in News
COLUMBIA – The Columbia Housing Authority announced today the plan to renovate 90 units in the coming years. The... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:15:00 PM CST in News
KANSAS CITY (AP) — Authorities said a Kansas City man who stole a firearm from a homicide victim has been... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:01:43 PM CST in News
PARKVILLE (AP) - A campaign is underway to restore holiday decorations that were removed from trees along a suburban Kansas... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:56:25 PM CST in News
KANSAS CITY (AP) — A suburban St. Louis school system has shed an unaccredited label that had forced it to... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:49:07 PM CST in News
JEFFERSON CITY - On Friday, police identified one of the suspects in the October 31 homicide on Michigan Street. ... More >>
11 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 11:45:00 AM CST in News
BOONE COUNTY - Deputies arrested a man late Thursday night after he fled his van which then rolled into a... More >>
11 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:56:00 AM CST in News
CLAYTON (AP) — The son of former St. Louis County Executive Charlie Dooley has been sentenced to 23 years in... More >>
12 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:29:34 AM CST in News
Columbia, MO
Broken Clouds 37°
11pm 33°
12am 32°
1am 32°
2am 31°

Select a station to view its upcoming schedule:

Coming Up Next

10:35p
The Tonight Show Starring Jimmy Fallon
11:37p
Late Night with Seth Meyers
12:37a
Last Call with Carson Daly
10:30p
The King of Queens
11:00p
Rules of Engagement
11:30p
Rules of Engagement

Tonight's Schedule

7:00p
Caught on Camera with Nick Cannon
8:00p
Dateline NBC
7:00p
The Vampire Diaries
8:00p
Crazy Ex-Girlfriend
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld