The Bush administration said the estimated costs of the FutureGen project had nearly doubled from $1 billion to $1.8 billion, but the GAO report said that, taking inflation into account, the figure would actually be $1.3 billion. But others say the final cost of the plant will be much higher. Energy Secretary Steven Chu said that it could cost as much as $2.3 billion, but that he'd still like to see the plant built and hopes to lower that cost. (Encarta map)The reports "represent the latest efforts by the Illinois congressional delegation to revive the plant," writes Kindy. "President Obama took part in the delegation's efforts when he was in the state." The project has been planned for Mattoon, population 17,000. Some supporters of the project say the Bush administration's decision to scrap the project stemmed from the selection of Mattoon over two possible locations in Texas. The project would involve a partnership of the government, the coal industry and electric utilities. (Read more)
Earlier, Kindy reported that the $1 billion in the economic stimulus package designated for "fossil energy research and development" is likely to go to FutureGen. (Read more)
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