Tennessee coal producer sees no future after bankruptcy
Mission Coal Co. of Tennessee will pursue "good-faith compromise and settlement" on $175 million in debts ahead of a pending bankruptcy that will dissolve its board and liquidated the company.
Coal plant trend accelerates under Trump
According to government data, more than 10 gigawatts of coal-fired power generation have shut down over the past two years in a trend that has accelerated since the Obama years.
Generation shift proves a job creator in Minnesota
Cost and consumer preferences are driving growth of a nontraditional power-generation enterprise in Minnesota, increasing its payroll from four employees to 82. "The customer wants clean energy," the company CEO said.
Virginia port officials see shift from coal exports to wind power supply chain
Virginia port officials are moving toward supply-chain development around offshore wind rather than banking on a fading coal-export industry. The trend is setting in up and down the East Coast.
American utilities are upping their shift to cleaner, cheaper generation
The utility behemoth Xcel Energy, among several power generators adopting a similar strategy, is accelerating its shift away from coal-fired generation in the eight states in which it does business.
Colorado considers specialized refinancing to ease utilities’ transition from coal
A refinancing mechanism called securitization may be adopted this year by Colorado legislators as a step toward helping the state’s utility industry step away from increasingly outdated coal-fired generation assets.
As West Virginia seeks economic diversification, concern over fate of miners
"The laws have to be changed to first of all secure the working person," said a labor leader who fears bankruptcy machinations by companies and cuts in black-lung benefits.
Report: A fair transition requires publicly funded justice for all
A World Bank report underscores the role of public policy in managing a post-coal transition, concluding that governments must bear costs “of physical closure of mines and labor transition programs.”
West Virginia governor’s family-owned coal business in court for bilking suppliers
Justice Energy Co. has lost another round in court over its failure to pay $150,000 to James River Equipment; it is one of five such cases involving Justice Energy.