The Department of Energy ordered suspension of FutureGen 2.0 in February, 2015. The funds, appropriated by the American Recovery and Reinvestment Act of 2009, needed to be committed by July 1 and spent by Sept 30, 2015. The government also cited the Alliance's inability to raise the requisite amount of private funding. Energy Secretary Ernest Moniz explained at a press conference “If you look between now and July 1, without them having closed their financing, and try as we might, we just don’t see how it gets over the finish line.” At the time of suspension the power plant part of the project had spent $116.5 million and the sequestration part had spent $86 million.