Newsnewscoalbankruptcy

Mon May 13, 2019, 06:49 PM

Wyoming coal giant Cloud Peak files for bankruptcy

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Following the filing, speculation almost immediately began that Cloud Peak would sell its mines. Landowners group Powder River Resource Council called on the state of Wyoming to “aggressively participate” in the bankruptcy proceedings.

“We are gravely concerned that employees’ and retirees’ pensions and healthcare benefits will be taken away, and that millions of dollars of ad valorem taxes owed to Wyoming counties for coal already produced will be left unpaid,” the group’s vice chairman, Bob LeResche, said in a statement. “Our greatest fear is that reclamation of Cloud Peak’s large mines will cease, and that financial assurances required by law will prove inadequate.”

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Inexpensive and cleaner-burning natural gas, and increasingly inexpensive wind and solar power, have become attractive alternatives to coal power in the U.S. None of the Powder River Basin’s huge, open-pit coal mines has had to close. But the outlook for thermal coal, the type used to fire power plants, has been bleak.

A federal government report released Thursday predicts coal in the months ahead will account for 25 percent of U.S. power generation, down by about half over the past decade. The trend continues despite President Donald Trump’s efforts to back away from a wide range of environmental regulations affecting coal.

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https://trib.com/business/energy/wyoming-coal-giant-cloud-peak-files-for-bankruptcy/article_92bd4383-b117-5200-8748-0eb8e4585baf.html

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Reply Wyoming coal giant Cloud Peak files for bankruptcy (Original post)
Isidore May 13 OP
quad489 May 13 #1
357blackhawk May 13 #2
akaConcernedCanuk May 13 #3

Response to Isidore (Original post)

Mon May 13, 2019, 07:17 PM

1. ''inexpensive wind and solar power''...LOL!!!

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Response to Isidore (Original post)

Mon May 13, 2019, 09:10 PM

2. They have been trying to sell the mines,

they finally eeked out the property tax bill to Cambell County last week.

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Response to 357blackhawk (Reply #2)

Mon May 13, 2019, 09:46 PM

3. I hadda Google . . . . .

I'm a curious ole fart . . .

/snip/

“God bless Wyoming and keep it wild” was written in the last entry in the diary of 15-year-old Helen “Becky” Mettler, a Bar B-C guest from New Jersey in 1925. She fell 100 feet to her death in Taggart Canyon."

https://www.jhnewsandguide.com/opinion/columnists/circling_the_square/article_585e434f-e597-566d-bee4-5ba2d1f11d1f.html

Interesting article with wee history bytes of Wyoming . . . .



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