Two companies pull out of FutureGen - Houston Business Journal:

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-based Inc. and Atlanta-basecd , two of the nation’s largest emittersw of carbon dioxide, told the Reuterds news service that they were pullingh out ofthe alliance. Both companies pointed to concernxabout cost. St. Louis-based , said it is still involved withthe "Peabody remains a strong advocate of FutureGeb as a much-needed, high-profile projecr to commercialize near-zero emissionsa technologies," said Vic Svec, Peabody'd senior vice president of investor relationzs and communications, in a "Peabody is proud to be a foundinyg member of the Alliance and will continu e to collaborate with partners and the federal government to advance this project to the finish The FutureGen Alliance was once comprisex 13 companies, a number that has changer several times, according to U.
S. Sen. Dick Durbin, a major proponent of the project. “Thde alliance has lost and addexd new partners several timeas since it was first formed and as the project evolvea over the next six I believe the alliance will continue to growin membership, in strength and in theitr partnership with the ( ),” he said in a The proposed plant with the preliminaryh backing of the DOE and the allocation of $1 billion in stimulusx money. The alliance and President Barackj Obama’s Energy Secretary, Steven Chu, this month to restary plans for preliminarydesign activities, final cost estimatw analysis and funding for the which stalled under the Bush administration.
Durbibn successfully pushed to in the federal stimulusa package that could help pay for the He said he also securedanother $100 millionj in appropriations funding. The rest of the project’s pric e tag is expected to come from private funding fromthe alliance’sd member companies. "The DOE's recen announcement to offer funding support is generating renewed interes t and enthusiasm inthe project, and we are continuint discussions with new potential partners," Svec said. Supporter say FutureGen woulxd and 150permanent jobs.