"Tenaska Drops Taylorville Coal-Plant Project"

"TAYLORVILLE, Ill. -- A Nebraska company dropped plans to build a $3.5 billion coal-based power plant in central Illinois, saying it instead will focus on developing natural gas-fueled and renewable facilities elsewhere."

"Omaha, Neb.-based Tenaska said a coal gasification plant in the Christian County town of Taylorville was no longer viable, partly because lawmakers did not agree to a 30-year contract to purchase electricity from the plant, with the costs passed on to customers of utilities and competitive power suppliers.

It also said increasing supplies and lower costs of natural gas and renewable energy also affected its decision."

The St. Louis Post-Dispatch had the story June 22, 2013.

Source: St. Louis Post-Dispatch, 06/24/2013