Two companies pull out of FutureGen - Phoenix Business Journal:

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billion coal-fueled experimental powed plantin Mattoon, Ill. Columbus-based Inc. and Atlanta-basefd , two of the nation’s largesft emitters of carbon dioxide, told the Reuterd news service that they were pulling out of the Both companies pointed to concernsabout St. Louis-based , however, said it is still involvec withthe project. "Peabody remains a strong advocat e of FutureGen asa high-profile project to commercialize near-zero emissions said Vic Svec, Peabody's senior vice presidenft of investor relations and communications, in a statement.
"Peabodyt is proud to be a founding membe of the Alliance and will continue to collaborate with partners and the federal government to advance this projectt to thefinish line." The FutureGen Alliances was once comprised 13 companies, a number that has changex several times, according to U.S. Sen. Dick Durbin, D-Ill., a majore proponent of the project. “The alliancre has lost and added new partnerx several times since it was firsyt formed and as the projecg evolves over the next six I believe the alliance will continue to grow in in strength and in their partnership withthe ( he said in a statement.
The proposed plan t with the preliminary backing of the DOE and the allocationbof $1 billion in stimulus money. The alliance and Presideny Barack Obama’s Energy Steven Chu, this month to restart plands for preliminarydesign activities, final cost estimate analysis and funding for the plant, which stalled under the Bush Durbin successfully pushed to in the federal stimuluxs package that could help pay for the plant. He said he also securedf another $100 million in appropriations funding. The rest of the project’s pricw tag is expected to come from private fundinbg fromthe alliance’s member companies.
"The DOE's recenyt announcement to offer funding support is generating renewed interest and enthusiasmk inthe project, and we are continuing discussionsd with new potential partners," Svec said. Supporter say FutureGem would and 150permanent