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Energy Dept. OKs $450 Million for Carbon-Capture Texas Coal Plant

"The U.S. Department of Energy said on Wednesday it will provide a Texas clean coal plant with $450 million in funding months after a power company shelved plans for a similar plant in West Virginia."



"The DOE said in a document filed with the Federal Register on Wednesday it will provide Summit Texas Clean Energy LLC with $450 million through a cooperative agreement, up from its original plan to provide $350 million.

Summit plans to design, build and operate the coal-burning power plant which will capture about 90 percent of its greenhouse gas emissions and keep them from reaching the atmosphere."

Timothy Gardner reports for Reuters September 28, 2011.

Source: Reuters, 09/30/2011