New York State Scraps Plans for $1.6 billion 'Clean' Coal Plant Near Buffalo. By David Robinson, Buffalo News, July 17, 2008. "State officials pulled the plug Wednesday on a proposed $1.6 billion advanced coal project that would have brought more than 1,000 construction and operating jobs to the Town of Tonawanda, saying the electrical generating plant would cost taxpayers too much and relied on technology that remains unproven... State Power Authority officials said that, even after intense efforts over 18 months, the proposed 680-megawatt power plant at the Huntley Station would have required annual subsidies of $175 million to $250 million... Over 20 years, those subsidies could saddle taxpayers with a burden of $1.5 billion to $3 billion in today's dollars, while the state is facing budget deficits totaling $21.5 billion over the next three years... State officials also said they had doubts about the viability of the project's plans to capture the carbon dioxide that the facility generates, liquefy it and store it in geological formations more than a mile underground, where it would be expected to stay for thousands of years."
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