In October 2004, PSI Energy signed a letter of intent with General Electric and Bechtel Corporation to study the feasibility of constructing a commercial, Integrated Gasification Combined Cycle (IGCC) generating station, the first plant of its kind announced under the proposed GE-Bechtel alliance. The study is assessing the economic use of coal to produce 500 to 600 megawatts of electricity to help meet increased electrical demand over the next decade with significantly lower emissions and greenhouse gases (GHG) than a traditional coal power plant.