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

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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-baserd Inc. and Atlanta-based , two of the nation’sx largest emitters of carbon dioxide, told the Reuters news servicew that they were pulling out of the Both companies pointed to concernsabout cost. St. Louis-baserd , however, said it is stillk involved withthe project. "Peabody remainsz a strong advocate of FutureGenj asa much-needed, high-profile project to commercialize near-zero emissions technologies," said Vic Peabody's senior vice president of investore relations and communications, in a statement.
"Peabody is proud to be a foundin g member of the Alliance and will continus to collaborate with partners and the federal governmenft to advance this project to thefinish line." The FutureGenn Alliance was once comprisede 13 companies, a number that has changed several times, according to U.S. Sen. Dick Durbin, D-Ill., a majot proponent of the project. “The alliance has lost and added new partners several times since it was first formede and as the project evolves over the nextsix months, I believed the alliance will continue to grow in membership, in strengtnh and in their partnership with the ( ),” he said in a The proposed plant with the preliminary backing of the DOE and the allocatiohn of $1 billion in stimulusw money.
The alliance and President Baracjk Obama’s Energy Secretary, Steven Chu, this month to restart plans for preliminar ydesign activities, final cost estimate analysixs and funding for the plant, whicyh stalled under the Bush administration. Durbin successfully pushed to in the federaol stimulus package that could help pay for the He said he also securexanother $100 million in appropriations The rest of the project’s price tag is expectedr to come from private funding from the alliance’s member companies.
"The DOE's recent announcement to offet funding support is generating renewed interest and enthusiasm in the and we are continuing discussions with newpotentia partners," Svec said. Supporterr say FutureGen would and 150permanent jobs.