Governor Ernie Fletcher’s Communications Office
Governor Fletcher Releases New Letter From Peabody Energy, Reiterates Need for Energy Incentives to be Passed at Special Session

Press Release Date:  Wednesday, July 04, 2007  
Contact Information:  Jodi Whitaker
502-564-2611
 


FRANKFORT, Ky. – Governor Ernie Fletcher received a letter from Peabody Energy President Rick Bowen on Tuesday which further stresses the urgent need for energy incentives to be in place before the company decides this summer where to build a new coal to synthetic natural gas (SNG) facility.

“As you know, we and other members of our prospective consortium are in the final stages of determining in which state we will begin the in depth evaluation or feasibility analysis for a large SNG facility,” Bowen said in the letter. “That decision will be made this summer, not next year as some in the press have indicated. The key elements in the legislation currently under consideration will have a significant impact on your state’s eligibility in our consortiums decision.

“Should the legislation which survives the Special Session process meet the key elements needed for our project, it is very likely Peabody will recommend that we proceed to the next phase in Kentucky,” Bowen said.

“Anyone who reads this letter can see that the facts are clear – Kentucky has a very strong chance of landing this new facility, and we sincerely appreciate the confidence Peabody has shown in the Commonwealth,” said Governor Fletcher. “But let me make one thing clear. Walking away from a special session and from passing these incentives makes one thing inevitable – these jobs will not come to Kentucky. Kentucky would be losing a tremendous opportunity that brings with it a large economic impact and thousands of jobs. We simply cannot afford to walk away from this project by playing politics with the opportunity it brings to our Commonwealth.”


###


07.03 Peabody letter.pdf