Now Driving Online Now Hiring Online Home Seller Subscribe to the JG-TC
10°F
Severe
Who should Democrats choose as their lieutenant governor candidate?
More
Thomas Castillo
Mike Boland
Terry Link
Other
View Results
 






 
Monday, November 2, 2009 11:07 PM CST
LETTER: FutureGen plan adds cap for state funds



MICHAEL MUDD, President and CEO FutureGen Alliance

The (Oct. 29) article, “FutureGen could cost Illinois taxpayers even more,” incorrectly implied that $1 billion in Recovery Act funding is in jeopardy if House Bill 4182 is not immediately approved.

The article also misrepresented key components of the proposed agreement between FutureGen and the State of Illinois, and it dismissed the significant economic and environmental benefits that the project will bring to the region, the state and the country.

In order to qualify for the $1 billion in Recovery Act funding, the U.S. Department of Energy has asked the FutureGen Alliance to identify future revenue from the sale of the electricity that the FutureGen facility is expected to produce. The legislation that Illinois lawmakers are considering authorizes the state to purchase future power.

If a power purchase agreement is established with the state, it will benefit from a homegrown, cleaner power supply. Any purchase agreement would be structured to protect Illinois taxpayers with a price cap to avoid the kind of costly increases in electricity prices implied in the article.

As the world looks for solutions to the growing demand for more energy and a cleaner environment, FutureGen represents a global incubator for both.

MICHAEL MUDD

President and CEO

FutureGen Alliance

 


Share:          Submit to Reddit         Add to My Yahoo!Add to My Yahoo!   



  Add your comments

*Member ID:
*Password:
Remember login?
(requires cookies)
  Forgot Your Password?
 

Not already registered?
Then click Here.


JG-TC.com encourages readers to engage in civil conversation with their neighbors. Comments that are submitted are not posted to the site immediately. They go into a queue to be moderated and may take several hours to be reviewed. Comments posted on Saturday may not be reviewed until Sunday afternoon.

In order to keep the page a set width, long lines (mostly long links) will be chopped. Try putting spaces in your links or consider using tinyurl.com to make a smaller link that you can include.

We will never edit or alter your comments, but we do reserve the right to remove comments that violate our code of conduct.

No comment may contain:

* Potentially libelous statements; such as accusing somebody of a crime, defamation of character, or statements that can harm somebody's reputation.
* Obscene, explicit, or racist language.
* Personal attacks, insults, threats, harassment or inciting violence.
* Commercial product promotions.

If you have any questions, please contact our moderator.


soybeanpod wrote on Nov 3, 2009 5:20 PM:

" Mr. Mudd, three questions.

Why can't you sell this electricity directly to Ameren or any other utilities on the grid, and not obligate the state, much like wind farms do with their repurchase agreements?

If this plant is so safe, why did the state need to guarantee the operation being free from liability issues?

Mr. Mudd, will you be living within 1-2 miles of this plant because of its safe operation and to show others your confidence? "

what? wrote on Nov 3, 2009 11:19 PM:

" FutureGen is an enviromental benefit for region? "

Rohn Gordon wrote on Nov 4, 2009 8:25 AM:

" "The article also misrepresented key components"---------
And you have not?? "

yocsmotel wrote on Nov 4, 2009 9:59 AM:

" Mr. Mudd, the people of downstate Illinois are slipping into poverty while you ask them to support economic benefits to the state and the country. The State of Illinois, which you solicit for guarantees so that you do not fail, is borrowing $3.4 billion to cover contributions to state pension plans. As for your suggestion that you are bringing the area environmental benefits, it approaches Orwellian doublespeak. What you seek to do is to pump unfathomable amounts of a deadly toxin underneath the ground, threatening the air, water, and seismic stability of the Mattoon area. Please take your mad scientist experiment back to the laboratory and quit trying to dupe innocent people.
--yocsmotel "

 

 




©2007 Journal Gazette and Times-Courier, divisions of Lee Enterprises.    JG/T-C Do Not Call Policy    Privacy Policy    Contact Us
Tab
Content