This paper presents an assessment of recent improvements in the technology for direct coal liquefaction on the estimated commercial economics. The basis for the design and cost estimates is a series of studies sponsored by Amoco Corporation and Electric Power Research Institute, which were derived from the highly detailed Breckinridge Project, completed in the early 1980s under DOE sponsorship. The technology, design, and cost estimates reflect the current two-stage liquefaction technology practiced at the Advanced Coal Liquefaction Research facility in Wilsonville, Alabama.