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.
Related News
Wind turbine firms close Spanish factories as Coronavirus restrictions tighten
MADRID - Europe’s largest wind turbine makers on Wednesday said they had shut down more factories in Spain, a major hub for the continent’s renewables sector, in response to an almost total lockdown in the country to contain the coronavirus outbreak.
Denmark’s Vestas, the world No.1, has suspended production at its two Spanish plants, a spokesman told Reuters, adding that its service and maintenance business was still working. Vestas has also paused manufacturing and construction in India, which is under a nationwide lockdown too, he said.
Top rival Siemens Gamesa suspended production at six Spanish factories on Monday, bringing total closures there…
