Lawmakers have agreed to take part in a special legislative session in mid-August to consider a package of incentives aimed at luring a three billion dollar coal gasification plant to Kentucky.
Peabody Energy is looking at locations for the plant in Indiana, Illinois and Kentucky.
Peabody Energy executive Rick Bowen said today in Louisville that if the legislature creates incentives to encourage development of alternative fuels during the special session, Kentucky could be chosen. He said Peabody is prepared to recommend that its equity group focus a project review exclusively in Kentucky.
Bowen was among a group of Peabody executives from St. Louis who met with Governor Fletcher and legislative leaders today.
The governor said Peabody executives promised to recommend Kentucky sites to their investors if lawmakers approve tax breaks worth some 300 million dollars.