FutureGen moves forward with Department of Energy support - Kansas City Business Journal:

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billion coal-fueled, near-zero emissions experimental power planrin Mattoon, Ill., is movintg forward with the preliminary backing of the and the allocation of $1 billion in stimulus money. , comprised 11 membedr companies, including , and President Barack Obama’w Energy Secretary, Steven Chu, have signed an agreement to restaryt plans for preliminarydesign activities, final cost estimate analysis and funding for the which stalled under the Bush administration. Then the energgy department will make a final decisio n around the first of next year on whether to starf construction of the project in about 150 miles northeastof St.
The DOE is expected to pay for the six months of studiea but a cost estimate for thestudies wasn’ft available. “We’re back in business,” Sen. Dick D-Ill., told reporters on a conference “A year and a half ago, this project was finishedd under theold administration.” Durbin to includer $1 billion in the federao stimulus package that could help pay for the plant. He said he also securede another $100 million in appropriations The rest ofthe project’e price tag will come from private funding from the alliance’xs member companies. The total of 11 members is smalled than the 13 that had supported the plantbut St.
Louis-based Peabod is still involved. The $2.4 billion cost estimate Durbi n used Friday is Itincludes $1.7 billion to $1.9 billion in constructiojn costs and $500 to $700 million in operatinhg costs. FutureGen would create an