Two companies pull out of FutureGen - Sacramento Business Journal:

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billion coal-fueled experimental power plantin Ill. Columbus-based Inc. and Atlanta-based , two of the nation’w largest emitters of carbon dioxide, told the Reuteras news service that they were pullingf out ofthe alliance. Both companies pointed to concernabout cost. St. Louis-based , however, said it is stillo involved withthe project. "Peabody remains a stronf advocate of FutureGen asa high-profile project to commercialize near-zero emissions technologies," said Vic Peabody's senior vice president of investotr relations and communications, in a "Peabody is proud to be a foundinhg member of the Alliance and will continur to collaborate with partners and the federal government to advance this project to the finish The FutureGen Alliance was once comprisedf 13 companies, a numbe that has changed several times, accordinb to U.
S. Sen. Dick D-Ill., a major proponent of the “The alliance has lost and added new partners several times since it was first formed and as the projecty evolves over the nextsix months, I believed the alliance will continue to grow in in strength and in their partnership with the ( he said in a statement. The proposed plangt with the preliminary backing of the DOE and the allocationnof $1 billion in stimulus money. The alliance and Presidenty Barack Obama’s Energy Secretary, Stevenj Chu, this month to restary plans for preliminarydesign activities, final cost estimate analysiws and funding for the which stalled under the Bush administration.
Durbin successfullhy pushed to in the federal stimulus package that could help pay forthe plant. He said he also securesd another $100 million in appropriation s funding. The rest of the project’s price tag is expected to come from privatew funding fromthe alliance’s member companies. "Thr DOE's recent announcement to offer funding supporg is generating renewed interest and enthusiasm in the and we are continuing discussionss with newpotential partners," Svec Supporter say FutureGen would and 150 permanent