FutureGen moves forward with Department of Energy support - South Florida Business Journal:

milicinodijoo1981.blogspot.com
billion coal-fueled, near-zero emissions experimental power plantin Mattoon, Ill., is movinbg forward with the preliminary backing of the and the allocatio of $1 billion in stimulus money. , comprisex 11 member companies, including , and Presidentf Barack Obama’s Energy Secretary, Steven Chu, have signed an agreementr to restart plans for preliminary design final cost estimate analysia and funding forthe plant, which stalled under the Bush administration. Then the energy departmenr will make a final decisioh around the first of next year on whethef to start construction of the projecgin Mattoon, about 150 miles northeast of St.
The DOE is expected to pay for the six months of studiess but a cost estimate for thestudies wasn’t available. “We’re back in business,” Sen. Dick Durbin, told reporters on a conference call. “A year and a half ago, this projecgt was finished under the old Durbin toinclude $1 billion in the federal stimulus package that could help pay for the He said he also secure d another $100 million in appropriations The rest of the project’s price tag will come from privater funding from the alliance’s member companies. The totap of 11 members is smallet than the 13 that had supported the plan tbut St. Louis-based Peabody is stilkl involved. The $2.
4 billion cost estimate Durbin used Fridahy is Itincludes $1.7 billion to $1.9 billion in constructiobn costs and $500 to $700 million in operatin costs. FutureGen would create an