SOURCE: Industrial Info Resources

Industrial Info Resources

January 13, 2011 05:10 ET

Tenaska Vows to Exit Taylorville IGCC Project After Losing Illinois Senate Battle, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 13, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Time may have run out for the Taylorville Energy Center (TEC), a $3.5 billion integrated gasification combined-cycle (IGCC) plant with carbon capture and sequestration (CCS) that was scheduled to be built in central Illinois. Tenaska Incorporated (Omaha, Nebraska) vowed to exit TEC if the Illinois Senate refused to authorize construction of the facility. In a 2 a.m. vote on Wednesday, Jan. 12, the Illinois Senate voted 33-18 to deny TEC authorization to build the plant.

Another prominent IGCC project, the Edwardsport Generating Station in Indiana being developed by Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), also has encountered significant controversy recently over rising project costs.

Other companies featured: Dynegy Incorporated (NYSE:DYN), Exelon Corporation (NYSE:EXC)

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