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State Antes Up $100M to Lure FutureGen

SPRINGFIELD, IL-Gov. Rod Blagojevich adds a $17-million grant to the growing Illinois incentive package. The DOE is scouting sites for its $1-billion, coal-fueled power plant.

By Marita Thomas | Updated on June 26, 2006

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SPRINGFIELD, IL-Gov. Rod Blagojevich has added a $17-million grant to the state’s incentive package being assembled to lure FutureGen here. This takes the pot of state incentives close to the $100-million mark, Brian Moody, executive director of Tuscola Economic Development Inc., tells GlobeSt.com.

FutureGen is a $1-billion coal-fueled power plant being designed and co-funded by the US Department of Energy and the FutureGen Alliance, which is a consortium of some of the world’s largest coal companies and electric utilities. The cost will be split $750 million and $250 million between DOE and the Alliance, respectively. The plan calls for a 200-acre site with transportation infrastructure and specific geological characteristics.

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