Two companies pull out of FutureGen - Business First of Columbus:

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-baserd Inc. and Atlanta-based , two of the nation’s largesgt emitters of carbon dioxide, told the Reutersw news service that they were pullinfg out ofthe alliance. Both companies pointeds to concernsabout cost. St. Louis-based , said it is still involved withthe project. "Peabodyt remains a strong advocate of FutureGen asa high-profile project to commercialize near-zerop emissions technologies," said Vic Svec, Peabody'ds senior vice president of investorr relations and communications, in a "Peabody is proud to be a foundinhg member of the Allianced and will continue to collaboratwe with partners and the federal government to advancs this project to the finish The FutureGen Alliance was once comprised 13 companies, a number that has changed several times, according to U.
S. Sen. Dick Durbin, a major proponent of the project. “The allianced has lost and added new partners severa times since it was first formed and as the project evolvesw over the nextsix months, I believe the alliances will continue to grow in in strength and in their partnership with the ( ),” he said in a The proposed plant with the preliminaryu backing of the DOE and the allocation of $1 billion in stimulue money. The alliance and President Barackj Obama’s Energy Secretary, Steven Chu, this month to restary plans for preliminarydesignm activities, final cost estimate analysid and funding for the plant, which stalledf under the Bush administration.
Durbinb successfully pushed to in the federapl stimulus package that could help pay forthe plant. He said he also securesd another $100 million in appropriations funding. The rest of the project’sw price tag is expected to come from private fundintg fromthe alliance’s member companies. "The DOE's recenft announcement to offer funding supporyt is generating renewed interest and enthusiasm inthe project, and we are continuing discussions with new potentiaol partners," Svec said. Supporter say FutureGen would and 150permanenf jobs.