The governor, the Illinois congressional delegation, and state and
local partners across Illinois have been working for more than four
years to bring FutureGen to Illinois. The FutureGen Industrial
Alliance, which is developing the facility for the U.S. Department
of Energy, is expected to announce its final selection from the four
remaining sites this fall. State Sens. Gary Forby and Dale Righter
and state Reps. Kurt Granberg and Chapin Rose sponsored Senate Bill
1704.
"We have been working long and hard to bring FutureGen where it
belongs," Blagojevich said. "This is the right decision for Illinois
and our country because the science is on our side to make this
project a tremendous success. We've been making the investments that
have made Illinois a national leader in clean-coal technology, which
are opening up new markets for our coal, creating new jobs and
making us more energy-independent. The General Assembly has helped
us move closer to that goal today, and we must continue our
bipartisan efforts on the federal, state and local level to take
advantage of this critical momentum."
A recent study by Southern Illinois University Carbondale showed
that FutureGen would have a significant statewide and local economic
impact. The study found that it would have a much larger economic
impact than the 1,300 construction jobs and 150 permanent jobs the
U.S. Department of Energy estimates would be created. During the
four-year construction period, there would also be more than $1
billion in economic impact statewide, and 1,225 indirect and induced
spinoff jobs will be created as a result of the ripple effect
generated by FutureGen. Once FutureGen is operational, the study
shows it will generate $135 million annually in total statewide
economic output, with an $85 million annual increase in Coles and
Douglas counties if either Mattoon or Tuscola is selected. It will
also create an additional 360 indirect and induced full-time jobs
statewide, according to the report.
FutureGen will be designed to be the cleanest fossil fuel-fired
power plant in the world. The facility will convert coal into
hydrogen and electricity, while capturing and storing the carbon
dioxide deep underground. This effort will lay the groundwork for
developing similar power plants around the country and the world,
providing a framework for new energy projects that capture, rather
than release greenhouse gases. The facility will produce 275
megawatts of electric power, which is enough electricity to power
150,000 homes, as well as hydrogen for fuel cell technology that
will serve as the next-generation "battery" to operate everything
from a computer to a car.
Senate Bill 1704 provides liability protection and establishes
monitoring responsibility, which are important advances in Illinois'
efforts to bring FutureGen to Illinois. The legislation would
protect the FutureGen Alliance from facing liability for
unanticipated release of carbon dioxide, which is highly unlikely.
Texas, which has the other two remaining sites, Odessa and near
Jewett, has already passed a version of indemnification legislation.
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"This is such a unique opportunity for both our state and country
to advance a technology right here in Illinois that could take
advantage of one of our greatest natural resources," said Forby,
D-Benton, a Senate sponsor of the legislation. "For more than four
years, this bipartisan effort has been united in doing everything we
can to bring FutureGen here, and we aren't going to stop until that
happens."
"FutureGen is an effort to revolutionize power production," said
Righter, R-Mattoon, another sponsor in the Senate. "It would protect
our environment, make us less dependent on foreign oil and provide
an important economic boost. We are going to continue doing
everything we can to bring it to central Illinois, where it
belongs."
"We must invest in the types of innovative, environmentally
friendly technologies that rely on our homegrown resources," said
Granberg, D-Carlyle, a House sponsor. "FutureGen will prove that
Illinois coal must continue playing a vital role in our energy
portfolio. This will make our country safer and more secure, in
addition to creating good jobs and significant investment. We will
continue to make our persuasive case about why this must happen in
Illinois, and, just as importantly, it will focus national and
global attention on central and southern Illinois."
"This bill will help bring the FutureGen Alliance and 1,300
construction jobs to my area and hundreds of permanent jobs once it
is up and running," said Rose, R-Mahomet, another House sponsor.
"The bill was crafted in a bipartisan, cooperative manner, and I
look forward to continuing to work cooperatively with the governor,
local officials and our congressional delegation to bring FutureGen
to Illinois."
The governor previously committed a $17 million direct grant that
tops off what is believed to be the nation's most aggressive
investment package to bring FutureGen to Illinois. Local sponsors
are providing the alliance with additional assistance that ranges
from property tax abatements to site donations and land options for
the facility and potential FutureGen-related businesses. Additional
state support includes a sales tax exemption on building materials
and selected equipment through local enterprise zones or the High
Impact Business Program. There is also $50 million set aside by the
Illinois Finance Authority for below-market-rate loans to the
alliance.
[Text from file received from
the
Illinois Office of
Communication and Information]
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