JEFFERSON CITY, Mo.
— The most likely construction project to deliver $1,200 billion in taxpayer-backed blue book financing is a gas-fired power plant in the Mississippi Delta region, according to a Blue Book Blueprint for the U.S. that was released on Thursday.
The project would be the first coal-fired generating facility in the region.
The blueprint, a compilation of nearly 700 pages, covers the most important factors that will shape a project’s financing and completion, from financing the construction to the final sale price.
The report, which is based on a survey of more than 1,000 local government leaders, state lawmakers, and contractors, provides an overview of where coal-burning power plants are in the U, and the cost of a project to build a coal- or gas-fueled power plant.
The state has a $4 billion annual budget for capital and operating costs for coal- and gas-powered power plants, but the blueprint’s authors said the projected cost of coal-powered plants is $1 trillion.
The plan for the Mississippi River Basin, as it’s known, is a major source of federal funds for environmental protection, public safety and environmental rehabilitation.
It also supports clean-up of waterways and wetlands and the construction of roads, pipelines, and other infrastructure needed to improve regional connectivity.
The proposed $1 billion project would bring a new $100 million per year incentive for coal plants to build and operate power plants on the river, the blueprint said.
That is a significant incentive given the cost, which could amount to $400 billion, said Robert O. Hahn, president of the American Society of Civil Engineers.
“The plan to build the first new coal-based power plant on the Mississippi river is a big deal, and it’s a big reason why we’re seeing coal-related jobs come back to the region,” Hahn said.
“There’s no question that it’s going to make the region a better place to live and work.”
The blueprint also calls for a $20 billion loan guarantee to finance the project.
The state would get $40 billion in loans from the Federal Energy Regulatory Commission, $20 from the Energy Department, $10 from the Department of the Interior, $5 from the state of Louisiana, and $5 each from other federal and state agencies, the authors said.
The loans would be repaid with the electricity generated from the plant.
The remaining $4.5 billion would come from other sources, including state, local and private sources.
The pipeline project is among a range of potential projects that are under consideration by state, county and municipal governments.
The Blue Book blueprint said the Mississippi and other rivers are the most vulnerable to rising sea levels.
But the report also called for the development of a plan to manage the impact of sea-level rise on the environment and the nation’s economic health.
The study is a compilation and is based upon public comments from local and state officials.
It is not intended to be a definitive report or guide for any specific project, and its authors said it does not necessarily reflect the final design of any project.