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

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billion coal-fueled, near-zero emissions experimental powefr plantin Mattoon, Ill., is moving forwarde with the preliminary backing of the and the allocation of $1 billioh in stimulus money. , comprised 11 memberd companies, including , and President Barack Obama’ds Energy Secretary, Steven Chu, have signed an agreemenrt to restart plans for preliminaruydesign activities, final cost estimate analysis and fundinfg for the plant, whicuh stalled under the Bush Then the energy department will make a finakl decision around the first of next year on whethere to start construction of the projectg in Mattoon, about 150 miles northeast of St. Louis.
The DOE is expectedf to pay for the six monthsa of studies but a cost estimate for thestudies wasn’tg available. “We’re back in business,” Sen. Dick D-Ill., told reporters on a conference “A year and a half ago, this projec was finished under theold administration.” Durbibn to include $1 billion in the federal stimuluds package that could help pay for the plant. He said he also securec another $100 million in appropriations The rest ofthe project’s pricew tag will come from private funding from the alliance’s membef companies. The total of 11 members is smaller than the 13 that had supporter the plantbut St.
Louis-based Peabody is still The $2.4 billion cost estimate Durbin used Fridauy is Itincludes $1.7 billiobn to $1.9 billion in construction costs and $500 to $700 millionj in operating costs. FutureGen wouldd create an