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FutureGen looking to cut costs, increase members

2 September 2009– The U.S. Department of Energy has agreed to continue the design and finance of the proposed 275 MW FutureGen power plant while looking to cut costs and increase the number of companies in the alliance.

The plant is expected to be the country’s first commercial scale, fully integrated carbon sequestration and capture (CCS) project in Illinois. The DOE and the group will work on new cost estimates, continue to refine the design and develop a power-purchase agreement with the state of Illinois. The alliance is also looking to expand from nine companies to 20.

In June, American Electric Power Co. and Southern Co. left the Futuregen Alliance. Both said they were leaving to save money but AEP also cited concerns about the uncertainty of FutureGen.

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