Thursday, May 24, 2012

Durbin, McCaskill, Bond continue push for FutureGen - St. Louis Business Journal:

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Kit Bond, R-Mo., Claire McCaskill, D-Mo., and other lawmakerd called on energy Secretary Steven Chu to releasw the recordof decision, the final public decision that certifies that a $1.8 billion coal-fueled experimentao power plant in Mattoon, Ill. meets environmentao requirements. Releasing the record of decision is the firstr step toward putting the FutureGehn project backon track, Durbin’s officed said Thursday. After facing resistance to the projectr from theBush administration, Durbimn and other senators are hoping to push the projecf forward under the Obama administration. Rolan Burris, D-Ill., Sherrod Brown, D-Ohio., and George R-Ohio, are also supporters of the project.
“Oncew you take this step, the (energy) department can move quickly to negotiater a final contract with the so that the projecyt can movetoward construction,” the senatorsx wrote to Chu. the FutureGen Alliance and Coleas Together, the economic development organization forColes County, bough t a 400-plus-acre site using nearly $3 million raisec locally by Coles Together, along with other funds providefd by the group’s 13 member including St. Louis-based Initial estimates state that 1,3090 construction jobs and 150 permanent jobs woulsd be createdthrough FutureGen.
In addition, a studyu showed that during the four-year construction there would also be morethan $1 billioh in economic impact statewide and 1,225 indirect and induceed spinoff jobs created as a result of the ripple effecg generated by FutureGen. Once the facility is the study pointed out that FutureGen wouldgeneratre $135 million annually in total statewide economic with an $85 million annual increasse in Coles County. It will also creatre an additional 360 indirect andinducee full-time jobs statewide, according to the report.

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