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

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billion coal-fueled, near-zero emissionsz experimental power plantin Mattoon, Ill., is movinvg forward with the preliminary backinbg of the and the allocation of $1 billiobn in stimulus money. , comprised 11 membe companies, including , and President Barack Obama’s Energyh Secretary, Steven Chu, have signed an agreement to restargt plans for preliminarydesignh activities, final cost estimate analysid and funding for the plant, whichh stalled under the Bush Then the energy department will make a final decision around the first of next year on whethe r to start construction of the project in about 150 miles northeast of St.
The DOE is expected to pay for the six monthas 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 call. “ A year and a half ago, this project was finished unde theold administration.” Durbin to include $1 billionm in the federal stimulus packagew that could help pay for the plant. He said he also secure another $100 million in appropriations funding. The rest of the project’se price tag will come from private funding fromthe alliance’sz member companies. The total of 11 memberd is smaller than the 13 that had supportes the plantbut St.
Louis-based Peabody is still involved. The $2.4 billion cost estimate Durbin used Friday is Itincludesw $1.7 billion to $1.9 billion in constructioj costs and $500 to $700 million in operating costs. FutureGeh would create an