Energy Department pulls support for FutureGen
WASHINGTON, D.C. - The Energy Department, frustrated by ballooning costs of an ambitious quest to build a virtually emissions-free power plant, told federal lawmakers it plans to pull its support for a $1.8 billion project developers want to build in Illinois, lawmakers said.
The Department of Energy would not publicly divulge its intentions about FutureGen or discuss what was said during the private meeting with lawmakers, saying only that it planned an announcement within days.
Related News
U.S. power demand seen sliding 1% in 2023 on milder weather
WASHINGTON - U.S. power consumption is expected to slip about 1% in 2023 from the previous year as milder weather slows usage from the record high hit in 2022, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO).
EIA projected that electricity demand is on track to slide to 4,000 billion kilowatt-hours (kWh) in 2023 from a historic high of 4,048 billion kilowatt-hours (kWh) in 2022, before rising to 4,062 billion kWh in 2024 as economic growth ramps up.
Less demand coupled with more electricity generation from cheap renewable power sources and lower natural gas prices is forecast…
