Energy department pulls the plug on FutureGen project.
The US Department of Energy has pulled out of a flagship project to build the first 'clean' coal-fired power plant in the United States, a move that will kill the project unless supporters can rouse Congress on its behalf.
The FutureGen project was intended to demonstrate technologies for capturing and burying carbon dioxide from coal-fuelled power plants; it was scheduled to begin operating in 2012. But its costs have nearly doubled to $1.8 billion in recent years, and last week the department pulled out of the deal after failing to reach a new funding agreement with its private partner, the FutureGen Industrial Alliance, which consists of more than a dozen energy companies. The energy department had been slated to pick up three-quarters of the bill for the 275-megawatt plant.
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