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  1. Exelon: FutureGen Alliance Has Pulled Plug on FutureGen 2.0 Coal Project

    Exelon ( NYSE: EXC ) said in its Feb. 10 annual Form 10-K report that the FutureGen Industrial Alliance has recently ceased efforts to continue developing the coal-fired FutureGen 2.0 power project in Illinois.   The project, under orders of the Illinois Commerce Commission (ICC), would potentially supply power to Commonwealth Edison (ComEd), an Exelon subsidiary.   Said the Exelon Form 10-K: "During 2013, the ICC approved, and directed ComEd and Ameren (the Utilities) to enter into 20-year sourcing agreements with FutureGen Industrial Alliance, Inc (FutureGen), under which FutureGen will retrofit and repower an existing plant in Morgan County, Illinois to a 166 MW near zero emissions coal -fueled generation plant, with an assumed commercial operation date in 2017.   "In February 2013, ComEd filed an appeal with the Illinois Appellate Court questioning the legality of requiring ComEd to procure power for retail customers purchasing electricity from competitive electric generation suppliers. On July 22, 2014, the Illinois Appellate Court issued its ruling re-affirming the ICC’s order requiring ComEd to enter into the sourcing agreement with FutureGen and allowing the use of a tariff to recover its costs.   "ComEd decided not to appeal the Illinois Appellate Court’s decision to the Illinois Supreme Court. However, the competitive electric generation suppliers and several large consumers petitioned for leave to appeal the Illinois Appellate Court’s decision. On Nov. 26, 2014, the Illinois Supreme Court granted the petition.   "ComEd executed the sourcing agreement with FutureGen in accordance with the ICC’s order. In addition, ComEd filed a petition with the ICC seeking approval of the tariff allowing for the recovery of its costs associated with the FutureGen contract from all of its electric distribution customers, which was approved by the ICC Sept. 30, 2014.   "A significant portion of the cost of the development of FutureGen was being funded by the (U.S. Department of Energy) under the American Recovery and Reinvestment Act of 2009. In early February 2015, the DOE suspended funding for the project until further clarity could be obtained on certain significant hurdles facing the project, including the outcome of the litigation described above. Whether or not the DOE funding will be reinstated at some later date is unknown at this time.   "On Jan. 13, 2016, FutureGen informed the Illinois Supreme Court that it had ceased all development efforts on the FutureGen project and would soon be seeking to terminate the FutureGen supply agreements. Accordingly, FutureGen requested that the court dismiss the proceeding as moot. A decision from the Illinois Supreme Court dismissing the matter is expected in early 2016. In February 2016, FutureGen terminated its sourcing agreement with ComEd. As a result, ComEd is under no further obligation under this agreement." This article was republished with permission.

    Online Articles

    Online Articles

    Wed, 17 Feb 2016

  2. Exelon: FutureGen alliance has pulled plug on FutureGen 2.0 coal project

    The project, under orders of the Illinois Commerce Commission, would potentially supply power to Commonwealth Edison, an Exelon unit.

    Online Articles

    Online Articles

    Wed, 17 Feb 2016

  3. Ameren power line works around FutureGen clean coal project

    A workaround for the CO 2 disposal field for the planned FutureGen 2.0 coal project in Illinois is one of the features of a new Ameren Corp. power line project approved Aug. 20 by the Illinois Commerce Commission.

    Online Articles

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    Fri, 23 Aug 2013

  4. Hunnu acquires major interest on Buyan Coal project in Mongolia

    Hunnu Coal announced that it has acquired a 60% interest in the Buyan Coal Project , located within the giant Tavan Tolgoi Coking Coal Field in the Umnugobi Province of Mongolia.

    Online Articles

    Online Articles

    Tue, 8 Jun 2010

  1. American Power updates development of massive Pace Coal Project in Montana

    Online Articles

    Online Articles

    Tue, 7 Sep 2010

  2. American Power provides another promising update for substantial Pace Coal Project

    American Power is pleased to provide an update on its high potential Pace Coal Project located in Judith Basin County, Montana. The prospecting permit process to begin drilling operations continues. American Power's planned drilling program consists of 61 drilling locations and would involve a ...

    Online Articles

    Online Articles

    Tue, 7 Dec 2010

  3. CCTI wins final approval for Inner Mongolia clean coal project

    Clean Coal Technologies, Inc. announced the formal approval of the Inner Mongolia clean coal project - a cooperative joint venture to build an initial plant with an annual capacity of 1.5 million metric tons to supply clean coal for a newly constructed power station in the same industrial park

    Online Articles

    Online Articles

    Tue, 26 Oct 2010

  4. Indonesian coal Project sees new joint venture

    BHP Billiton announced it has entered into binding agreements to create a new joint venture for its Indonesian Coal Project with a subsidiary of PT Adaro Energy TBK, which has agreed to acquire a 25 per cent interest in the ICP joint venture. BHP Billiton holds the remaining 75 per cent.

    Online Articles

    Online Articles

    Wed, 31 Mar 2010

  5. Ameren pulls out of clean coal project

    Ameren, the host for the FutureGen 2.0 clean coal project , said it cannot supply a 369 MW oil-fired power plant in Meredosia, Ill., that would be converted to demonstrate the carbon-capture technology on a commercial scale.

    Online Articles

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    Fri, 11 Nov 2011

  6. Ameren backs out of clean coal project

    Ameren Corp has set a fresh challenge for the FutureGen clean coal project by pulling out of the initiative, which has received $1bn in government funding.

    Online Articles

    Online Articles

    Wed, 30 Nov 2011

  7. Texas clean coal project adds Chinese project partner

    Summit Power Group signed two agreements that introduced a new project partner on Summit’s Texas Clean Energy Project (TCEP) and created an alliance between TCEP and China’s clean fossil fuel power plant, China Huaneng’s GreenGen.

    Online Articles

    Online Articles

    Tue, 15 Jul 2014

  8. India’s Tata Power looks to part-acquire South African coal project

    India’s Tata Power looks to part-acquire South African coal project

    Online Articles

    Online Articles

    Sun, 3 May 2015

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