That is right. While they really can’t raise your electricity rates, they will in effect be raising your electricity costs. That is because Carbon Sequestration is expensive.
EPA approves FutureGen plan for carbon dioxide storage
Updated at 6:25 p.m.
CHICAGO • The U.S. Environmental Protection Agency on Tuesday said it has approved permits for the FutureGen clean coal project to store carbon dioxide underground, a key step in the longstanding plan to build the project.
FutureGen plans to store carbon dioxide, a greenhouse linked to climate change, after capturing it from a power plant in western Illinois.
“The issuance of the permit is a major milestone that will allow FutureGen 2.0 to stay on track to develop the first ever commercial-scale, near-zero emissions coal-fueled power plant with integrated carbon capture and storage,” FutureGen Alliance CEO Ken Humphreys said in a printed statement.
The FutureGen Alliance is a group of coal companies that are trying to build the $1.65 billion project with $1 billion in financial assistance from the U.S. Department of Energy.
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