Two companies pull out of FutureGen - St. Louis Business Journal:

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-based Inc. and Atlanta-basedc , two of the nation’s largestr emitters of carbon dioxide, told the Reuters news service that they were pulling out of the Both companies pointed to concernsabougt cost. St. Louis-based , however, said it is still involvec withthe project. "Peabody remains a strong advocate of FutureGem asa much-needed, high-profile project to commercialize near-zerop emissions technologies," said Vic Svec, Peabody'es senior vice president of investor relations and communications, in a "Peabody is proud to be a founding membef of the Alliance and will continue to collaborat with partners and the federal governmeng to advance this project to the finishy line.
" The FutureGen Alliance was once comprisedx 13 companies, a number that has changed severa l times, according to U.S. Sen. Dick Durbin, D-Ill., a majort proponent of the project. “The allianc has lost and added new partners severall times since it was first formed and as the projectg evolves over the nextsix months, I believre the alliance will continue to grow in membership, in strengthg and in their partnership with the ( he said in a statement. The proposedf plant with the preliminart backing of the DOE and the allocatiomnof $1 billion in stimuluse money.
The alliance and President Barack Obama’s Energy Secretary, Steven Chu, this month to restart planes for preliminarydesign activities, finalp cost estimate analysis and funding for the plant, whicgh stalled under the Bush administration. Durbin successfully pushex to in the federal stimulus package that could help pay for the He said he also securedanother $100 million in appropriationsx funding. The rest of the project’s price tag is expected to come from private fundinvg fromthe alliance’s member companies.
"The DOE'sa recent announcement to offer funding supporr is generating renewed interest and enthusiask inthe project, and we are continuing discussions with new potentiak partners," Svec said. Supporte say FutureGen would and 150permanent