"Clean coal technology is a vital component of the Bush Administration's vision for a cleaner, more secure energy future. FutureGen, which seeks to demonstrate integrated clean coal technologies with carbon capture and sequestration, remains a cornerstone of this vision.
"As the Department of Energy (DOE) has discussed with the FutureGen Alliance for the past several months, projected cost overruns require a reassessment of FutureGen's design. Today the Alliance announced its preferred site for FutureGen. DOE has not yet issued the Record of Decision (RoD), which is required to enable a final siting determination. DOE believes that the public interest mandates that FutureGen deliver the greatest possible technological benefits in the most cost-efficient manner. This will require restructuring FutureGen to maximize the role of private sector innovation, facilitate the most productive public-private partnership, and prevent further cost escalation. DOE looks forward to continued work with the private sector and its international partners to ensure the success of FutureGen, and to advance the use of carbon capture, storage and sequestration in the coal-fired power plants of the future. Further details on the structure of FutureGen will be provided next month."
Julie Ruggiero, (202) 586-4940