A target date for operation has been set for FutureGen 2.0. Ken Humphreys, chief executive FutureGen Alliance, says they hope to have the FutureGen plant in Meredosia operational by 2017. The carbon capture and sequestration plant will be built on the site of a recently shuttered Ameren power generating station.
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Humphreys says power purchase agreements must be in place by the end of 2013 in order to start construction in 2014. He says sticking to the timeline is crucial in order to utilize $1 billion in federal stimulus money that must be spent by the end of September 2015. When online, the plant will create 125 permanent direct jobs. Humphreys says there will be 1,000 jobs created in converting the Ameren plant and the plant would produce electricity for at least 30 years. Humphreys delivered this update in testimony before the Illinois Commerce Commission.