FutureGen financing plan approved by Illinois Appellate Court
SPRINGFIELD - According to a decision by the Illinois Appellate Court on Tuesday, state regulators can force Illinois electricity customers to help pay for the $1.6 billion FutureGen project.
The 2-1 decision approves a state plan to charge between $1 to $1.40 a month to help pay for the long-delayed project, which would see FutureGen refit a western Illinois coal-fired plant with technology that would remove carbon dioxide and store it underground.
Ken Humphreys, FutureGen Alliance CEO, says the court decision will keep the project moving. However, power suppliers including Commonwealth Edison argued that state regulators lack authority to require the payments.
Commonwealth Edison released a statement, saying that it will comply with the decision.