A company that wants to build a more environmentally friendly coal fired power plant in West Texas has received a $350 million grant from the federal government toward the project.
Summit Texas Clean Energy LLC of Bainbridge Island, Wash., is pitching a $1.7 billion plant capable of producing 400 megawatts, enough to power 400,000 homes.
The government's decision Friday came two years after the Midland-Odessa area lost out on a similar project called FutureGen. Officials used the legwork from that proposal to boost their latest
Summit says its plant would capture about 90 percent of the carbon dioxide produced in coal-fired plants. The captured gas would be sold to help the drilling process in the oil-rich Permian Basin.