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KCP&L's Cost Estimate for New Coal Unit Rises
LCG, May 9, 2008--Kansas City Power & Light (KCP&L) yesterday released a new, increased cost estimate for Iatan 2 of $1.82 - $1.92 billion, or about a 15 percent increase from the most recent estimates of December 2006. Prior to an increase in the design capacity, a "preliminary conceptual" estimate prepared in 2005 targeted the cost at $1.3 billion. Construction of the 850-MW, coal-fired unit located near Weston is scheduled for completion in the summer of 2010.
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DOE Awards $126.6 Million to Carbon Sequestration Projects
LCG, May 7, 2008--The U.S. Department of Energy (DOE) yesterday announced awards of over $126.6 million to two carbon sequestration projects designed to demonstrate the potential for permanent storage of over one million tons of carbon dioxide (CO2) in geologic formations. A critical goal of the DOE is to develop carbon sequestration capabilities that will better enable the long-term use of coal for power production while controlling CO2 emissions to address climate change concerns.
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