Allegheny, Alliance rewrite coal deal
DENVER, COLORADO - Electric utility Allegheny Energy has modified a coal mine development and supply deal.
Greensburg, Pennsylvania-based Allegheny, which has operations in Virginia and West Virginia, says the changes give it a more secure supply of coal while Tulsa, Okla.-based mine operator Alliance Resource Partners gains flexibility.
Under the new terms, Alliance will supply 20 million tons of coal between 2010 and 2020 from several sources, including Illinois.
Alliance will keep leasing reserves in Washington County, Penn., from Allegheny as it seeks mining permits. Allegheny would receive royalty payments when production begins.
The original agreement, signed in 2005, allowed Alliance to seek the permits and Allegheny to buy up to 2 million tons annually once the mine opened.
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Pennsylvania residents could see electricity prices rise as much as 50 percent this winter
PITTSBURG - Energy costs for electric customers are going up by as much as 50% across Pennsylvania next week, the latest manifestation of across-the-board energy price increases impacting gasoline, heating oil, propane, and natural gas.
Eight Pennsylvania electric utilities are set to increase their energy prices on Dec. 1, reflecting the higher cost to produce electricity. Peco Energy, which serves Philadelphia and its suburbs, will boost its energy charge by 6.4% on Dec. 1, from 6.6 cents per kilowatt hour to about 7 cents per kWh. Energy charges account for about half of a residential bill.
PPL Electric Utilities, the Allentown company…
