If you are looking for sauger or walleye at the steam plant, it is a hit or miss deal. They move in and out by the day and hour sometimes. I have caught plenty over the years, but rarely target them exclusively. I typically fish for whatever is biting and love to drift a threadfin shad on light tackle.
The live shad will get bit by sauger and walleye, but I miss more than I hook. It is easy to tell when they are bit by these toothy fish as the shad will have triangular tears in it after the fish pulls off. I probably only get 1/3 of the fish that bite. Once I get a bite from a walleye I add a stinger hook to the rig. Most of the fish I catch are on the stinger hook. It is almost a must for these species.
If they are biting well, the jig with minnow or plastic body with a stinger hook bounced directly under the boat as you drift or troll around it probably the best way to catch numbers of fish. It will catch other species, but not as many as the drifting shad rig will.
Any place in the channel can hold sauger or walleye and the drop off at the mouth and downstream about 100 yds can be real good. I fish out to about 35 ft deep and then move back in. This keeps you right on the drop off.
The hardest thing about walleye fishing at the stream plant is ignoring all the other species of fish around you. That is why I mostly fish the drift shad rig. It catches everything. But a stinger hook is a pain in the rear when stripe, skippies, or bass are biting so I don't use it unless I am getting bit by walleye.
Hope it helps,
Jim
PS - Someone mentioned difficulty getting into the steam plant canal. There is a bar at the mouth and it is rarely deeper than 4 ft on top of the bar, it drops off to 10 ft right after the bar so go slow as you head into the canal. If you see 2 ft of water on your depthfinder you have missed the opening and back out and try again.
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