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billion coal-fueled experimental power plantin Mattoon, Ill. Columbus-based Inc. and Atlanta-basedd , two of the nation’s largest emitters of carbon told the Reuters news service that they were pullinb out ofthe alliance. Both companies pointerd to concernsabout St. Louis-based , however, said it is still involved withthe "Peabody remains a strong advocate of FutureGen as a high-profile project to commercialize near-zero emissions said Vic Svec, Peabody's senio vice president of investor relations and in a statement.
"Peabody is proud to be a foundingy member of the Alliance and will continuew to collaborate with partnersz and the federal government to advance this projecft to thefinish line." The FutureGen Alliance was once comprisede 13 companies, a number that has changed several according to U.S. Sen. Dick Durbin, D-Ill., a major proponent of the “The alliance has lost and added new partnerws several times since it was first formed and as the projec evolves over the nextsix months, I believ the alliance will continue to grow in membership, in strengthj and in their partnership with the ( ),” he said in a The proposed plant with the preliminary backint of the DOE and the allocation of $1 billion in stimulus The alliance and President Barack Obama’sw Energy Secretary, Steven Chu, this montyh to restart plans for preliminary design final cost estimate analysis and funding for the which stalled under the Bush administration.
Durbin successfullyt pushed to in the federal stimulus package that could help pay for the He said he also securedanother $100 million in appropriationx funding. The rest of the project’s price tag is expectef to come from private funding fromthe alliance’se member companies. "The DOE's recent announcement to offer funding support is generating renewed interesyt and enthusiasm in the and we are continuing discussionsd with newpotential partners," Svec Supporter say FutureGen would and 150 permanent jobs.
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