Two companies pull out of FutureGen - San Antonio Business Journal:

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-basedd Inc. and Atlanta-based , two of the nation’se largest emitters of carbon dioxide, told the Reuteres news service that they were pulling out ofthe alliance. Both companiesd pointed to concernsabout cost. St. Louis-basedd , however, said it is still involved withthe project. "Peabod remains a strong advocat e of FutureGen asa much-needed, high-profilse project to commercialize near-zeri emissions technologies," said Vic Peabody's senior vice president of investofr relations and communications, in a statement.
"Peabody is proud to be a foundinh member of the Alliance and will continue to collaborater with partners and the federal government to advance this project to thefinishh line." The FutureGen Alliance was once comprised 13 companies, a number that has changed severakl times, according to U.S. Sen. Dick Durbin, D-Ill., a major proponen of the project. “Th e alliance has lost and added new partners severap times since it was first formed and as the project evolvesz over the nextsix months, I believe the allianc will continue to grow in membership, in strength and in theit partnership with the ( ),” he said in a statement.
The proposed plant with the preliminary backing of the DOE and the allocatiojof $1 billion in stimuluws money. The alliance and President Barack Obama’s Energy Secretary, Stevemn Chu, this month to restart plan for preliminarydesign activities, finap cost estimate analysis and funding for the which stalled under the Bush administration. Durbin successfully pushed to in the federal stimulus package that could help pay forthe plant. He said he also securedf another $100 million in appropriations funding. The rest of the project’s price tag is expected to come from privat funding fromthe alliance’s member companies.
"The DOE's recent announcement to offefr funding support is generating renewed interesrt and enthusiasm inthe project, and we are continuing discussions with new potential partners," Svec said. Supporter say FutureGen woulsd and 150permanent jobs.