CMS Enterprises announced Wednesday that it has signed an agreement with Peabody Energy to co-develop the Prairie State Energy Campus, a 1,600 megawatt power plant and coal mine in southern Illinois.
CMS Enterprises and Peabody Energy will co-develop and both will own 15 percent of Prairie State through a jointly owned limited liability company. The remaining percentage is expected to be shared by Midwest municipal utilities and electric cooperatives.
Peabody Energy will be lead developer of the Lively Grove Mine that will fuel the plant, while CMS Enterprises will serve as lead developer, construction manager, and operator of the mine-mouth power plant that will generate enough power to serve a million customers.
The plant cost is expected to be more than $2.5 billion.