Allegheny, Alliance rewrite coal deal

subscribe

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

concrete power poles

Chinese-built electricity poles plant inaugurated in South Sudan

JUBA - The South Sudan government has launched a factory producing concrete poles that will facilitate an ambitious project done by a Chinese company to rehabilitate and expand the Power Distribution System in Juba, its capital.

The Minister of Dams and Electricity, Dhieu Mathok, said that the factory, rented by Power China, will produce some 13,350 poles for the electricity distribution in the capital and other states.

"The main objective of this project is to increase the supply capacity and reliability of the power distribution system in Juba. Access to the grid will replace the use of generators by the population, allow…

READ MORE
bright-feeds-powers-berlin-facility-with-solar-energy

Bright Feeds Powers Berlin Facility with Solar Energy

READ MORE

britain coal

Britain Goes Full Week Without Coal Power

READ MORE

rachel notley

Notley announces plans to move Alberta's electricity grid to net-zero by 2035 if elected

READ MORE

global coal output

Global use of coal-fired electricity set for biggest fall this year

READ MORE