The Obama administration has pulled the plug on the FutureGen 2.0 “clean-coal” power plant slated to be built in central Illinois.
Ken Humphreys, CEO of the FutureGen Alliance developing the project, said in a statement today, “The U.S. Department of Energy has directed the suspension of FutureGen 2.0 project development activities. The DOE has concluded that there is insufficient time to complete the project before federal funding expires in September 2015.”
The Obama administration earmarked $1 billion in federal funds from the stimulus law enacted in 2009 for FutureGen. The project slowly made progress securing permits and negotiating an arrangement with the state of Illinois to require electricity consumers statewide to finance the remaining costs of the $1.7 billion plant.
The 200-megawatt facility, aimed at showcasing technologies to capture carbon emitted by coal combustion and bury…
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