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7 December 2006 -- Basin Electric Power Cooperative said it did not obtain investment tax credits for use toward a power plant using integrated gasification combined cycle (IGCC) technology.

Basin Electric has been examining building a $1.5 billion electrical power plant near Selby in Walworth County, along with locations in North Dakota.

"We're disappointed that the Department of Energy chose not to certify any sub-bituminous clean coal technology projects. We feel that it is critical that the federal government support commercialization of IGCC technology," said Ron Harper, Basin Electric CEO and general manager, in the release.

The release said Basin Electric will continue to explore IGCC technology to determine its readiness for a future power resource.

Harper said in the release that Basin Electric would consider submitting a second application if there's another opportunity to apply for investment tax credits in the future for an IGCC power plant.

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