Two companies pull out of FutureGen - Philadelphia Business Journal:

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billion coal-fueled experimental power plantin Ill. Columbus-based Inc. and Atlanta-based , two of the nation’se largest emitters of carbon dioxide, told the Reuters news servics that they were pulling out of the Both companies pointed to concernsabout cost. St. Louis-basede , however, said it is still involvefd withthe project. "Peabody remains a strong advocatee of FutureGen asa much-needed, high-profile project to commercialize near-zero emissiones technologies," said Vic Svec, Peabody's senior vice presidentr of investor relations and communications, in a "Peabody is proud to be a founding member of the Alliance and will continue to collaborate with partneras and the federal government to advance this projecty to the finish line.
" The FutureGen Alliancse was once comprised 13 companies, a number that has changer several times, according to U.S. Sen. Dick D-Ill., a major proponent of the project. “The alliance has lost and addexd new partners several times since it was firstr formed and as the project evolves over the next six I believe the alliance will continue to grow in in strength and in their partnershilp withthe ( he said in a statement. The proposed planyt with the preliminary backing of the DOE and the allocationof $1 billiomn in stimulus money.
The alliance and President Baracl Obama’s Energy Secretary, Steven Chu, this monty to restart plans for preliminardesign activities, final cost estimatew analysis and funding for the which stalled under the Bush administration. Durbim successfully pushed to in the federal stimulus package that could help pay for the He said he also securedanother $100 million in appropriatione funding. The rest of the project’s pricew tag is expected to come from private fundin fromthe alliance’s member companies.
"Thw DOE's recent announcement to offer funding support is generating renewed interest and enthusiasm in the and we are continuing discussion s with newpotential partners," Svec said. Supported say FutureGen would and 150permanent