Patriot Coal To Reduce Coal Production

Patriot Coal Corporation (OTC Pink: PATCA) issued WARN Act notices at its Wells mining complex located near Wharton, West Virginia, and also at its Corridor G mining complex located near Danville, West Virginia. The Wells complex, which includes the Black Stallion Mine, CC10 Mine, and Wells preparation plant, employs 450 people and produced 1.4 million tons of metallurgical coal in 2013.

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EPA Administrator Gina McCarthy: 'EPA listened' on carbon rules

Environmental Protection Agency Administrator Gina McCarthy on Monday attempted to assuage fears about a forthcoming carbon emissions rule for existing power plants, as she said it would contain flexibility for states.

"The only thing I really hope when this proposal goes out is that people look at it and say ' EPA listened,' " said McCarthy, speaking at a Washington event hosted by the Bipartisan Policy Center.

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Here's an Unexpected Vote For Coal

There's a lot of money to be made spotting market bottoms in commodities. Buying producers and projects at ultra-low valuations, before the inevitable uptick in a sector.Market commentaries are a key indicator in this regard. With bottoms usually being marked by "irrational apathy"--illogical reasoning from market bears who've simply been spooked by falling valuations in unloved sectors.There's been a lot of such sentiment lately in coal.I was particularly struck by one comment the last few weeks. From a high-profile market analyst, who noted that…

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This Critical Coal Event Is Back On

There's an eerie silence in the coal market right now.Trading sources like Platts are reporting that coal transactions globally have suddenly gone very quiet. At least in certain segments of the market.Particularly for lower-grade thermal coals. With sources noting that demand for 3,800 kcal/kg product is "nearly absent" from the market.The reason for the lull has been somewhat mysterious.

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Ohio groups seek federal coal review

COLUMBUS, Ohio (AP) — Two Ohio environmental groups will ask federal regulators Monday to investigate circumstances surrounding expired pollution-discharge permits at an agency where allegations of coal-industry influence arose during a personnel flap last year.

The Sierra Club and Ohio Environmental Council planned to put the request in a letter to the U.S. Environmental Protection Agency.

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18 coal permits expired at Ohio EPA

COLUMBUS, Ohio (AP) — Eighteen coal facilities in Ohio are operating with expired pollution-discharge permits under an agency where allegations of coal-industry influence arose during a personnel flap last year, an Associated Press review has found.

Ohio Environmental Protection Agency records show 13 of the 18 have expired since Republican Gov.

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Utilities Commission records subpoenaed in ash probe

Records from the N.C. Utilities Commission have been subpoenaed as part of a federal grand jury investigation prompted by the Duke Energy ash spill on the Dan River.

The subpoena, issued last month, asks for records related to ash-pond dam inspections formerly reported to the Utilities Commission. It also seeks documents on illicit seeps and discharges from those dikes.

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Nuclear, coal-fired plants will remain staples of energy industry, PPL says

Nuclear and coal-fired plants will remain the staples of the energy industry, a PPL spokesman said.

PPL Utilities President Gregory N. Dudkin, along with Christina Sepich, PPL's regional director of operations; Paul G. Wirth, director of utility communications, and Martha Herron, PPL's regional affairs director, met with the editorial board of the Standard-Speaker and Pottsville Republican-Herald on Thursday morning, and discussed a wide range of topics.

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Pricelock Announces Successful Auctions for Coal, Natural Gas and Gasoline in February

Power generators, utilities, marketers, and large gasoline retailers leveraged Pricelock’s auction platform to create liquidity and competitive pricing for natural gas, coal and gasoline transactions in the month of February.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Pricelock, the most innovative platform for energy professionals to transact, network, recruit and search for jobs, announced transactions in a number of energy commodities on its auction platform for the month of February. Pricelock is the only energy transaction platform supporting forward and reverse auctions of all types of physical energy including coal, railcars, natural gas, power and liquid fuels. Physical energy buyers and sellers are able to leverage Pricelock to create liquidity events that uniquely represent their needs including commodity specifications, delivery, and optionality.

“We are pleased to see some of the biggest players in the energy industry use Pricelock to gain transparency, efficiency and liquidity throughout the energy supply chain,” said Naveen Agarwal, Chief Executive Officer of Pricelock. “We have demonstrated that we are the only one-stop shop for all large volume and cross-commodity energy-based auctions, supported by extremely strong technology that can be personalized by our clients to meet their specific needs. This month has been a testament to the depth, breadth, and flexibility of the auction platform.”

About Pricelock

Pricelock allows energy professionals to transact energy products online, connect with other professionals based on their interest in buying and selling specific types of energy, and to recruit talent and find jobs. The platform supports transactions for all energy products and services including motor and jet fuelsphysical natural gas, storage and capacitypower generation and capacityrailcar leases and coal. The largest utilities, power cooperatives, power generators, investment banks, refiners, producers, marketers, transportation, industrial and commercial firms participate on the platform. Pricelock’s mission is to provide liquidity for energy products not traded on an exchange.

Pricelock is headquartered in Silicon Valley and the recipient of several awards including Forbes list of America’s Most Promising Companies, Global Energy Award of Excellence by Platts and TiE50 Top Start-Up. Pricelock’s investors include Goldman Sachs, Barclays, Traveler’s Insurance, RenaissanceRe and Artiman Ventures. To learn more about Pricelock please visit www.pricelock.com.

Contacts
Pricelock
Liat Rorer, 650-517-5418
marketing@pricelock.com

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McCrory to Duke: Move ash away from water

Gov. Pat McCrory told Duke Energy on Tuesday that he wants its coal ash ponds statewide moved away from drinking-water sources.

McCrory and environment Secretary John Skvarla wrote Duke CEO Lynn Good that "as a state we will not stand by while coal ash ponds remain a danger due to their proximity to where so many North Carolinians get their drinking water."

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Oil, coal trains, concerns likely to increase

Risks posed by rail shipments of coal and oil drew increased attention last week with a series of announcements involving expansion of energy markets in the region.

Environmentalists issued a report estimating that fossil fuels could bring 82 trains a day through Spokane and Sandpoint a decade from now. BNSF Railway officials said those estimates are unsubstantiated.

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Coal technology not ready for wider adoption, EPA panel told

WASHINGTON, Feb 6 (Reuters) - Proposed pollution standards for new U.S. power plants, a central part of the Obama administration's climate change plan, should not rely on a soon-to-be completed project in Mississippi as an example of how to capture emissions from coal-fired power plants, the plant's owner said on Thursday.

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Impotence: the new face of climate denial

Whatever happened to morning in America?

The party of Ronald Reagan just drips with malaise every time they talk about climate.  With the horrific reality of climate consequences now overwhelming the denial machine, their posture is subtly shifting from steadfast ignorance to a passive slouch.

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PACE Talks Data Centers, Demand

Later today in Destin, Florida, PACE will present to utility communicators from across the country on growing trends in the data sector and how that affects electricity demand. The title of today’s presentation is ‘How Green is the Internet?’

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Don't Bet on Coal and Oil Growth

A mind-boggling sum of about $800 for each person on the planet is invested into fossil fuel companies through the global capital markets alone. That's roughly 10 percent of the total capital invested in listed companies. The amount of money invested into the 200 biggest fossil fuel companies through financial markets is estimated at 5.5 trillion dollars. This should be an impressive amount of money for anyone reading this.

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Burning Coal, Burning Cash in the Southeast

The cost of importing coal is a drain on the economies of Southeastern states, particularly in those states that rely heavily on coal-fired power.  In an updated report, “Burning Coal, Burning Cash” the Union of Concerned Scientists use updated market data to determine just how much money is leaving the Southeast to pay for coal.  In total, the following Southeastern states and their respective utilities spent $6.4 billion to import 93.5 million tons of coal into our region in 2012.  

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UCS Report: Wind Cheaper than Keeping Alabama Coal Plants Alive

Newly updated research shows that Alabama is still high on the list of states with coal plants that may be more expensive to maintain than to replace with cleaner sources, as we noted in an earlier blog. The report, an update of the Union of Concerned Scientists’ Ripe for Retirement using 2012 numbers (the most recent available), indicates that 22 coal-fired generators at 7 Alabama plants  — most owned by Alabama Power — are more expensive than new wind generated in the Southeast.

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EPA Listening, Just not to us

Last week, the Environmental Protection Agency officially published in the Federal Register its final rule for New Source Performance Standards (NSPS). The rule, which all but disallows the construction of new conventional coal-fired power plants, drew heavy criticism for the way it was designed, with industry arguing that EPA intentionally created a standard that gas-fired plants could meet, but coal-fired plants could not.

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Carbon Sequestration No Salvation for Virginia's Coalfields

Many elected officials who care about the stark challenges confronting America's coal-producing regions today are pinning their hopes on carbon capture and sequestration. This technology takes carbon dioxide out of power plant emissions and stores it underground. Since coal is the number one emitter of carbon dioxide, the greenhouse gas primarily responsible for heating the planet, carbon sequestration might be the only way to continue our use of coal in a world increasingly worried about climate disruption.

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Diverse Energy Supply Key to Florida’s Future

There’s good news on the horizon for Floridians from the Gold Coast to the Big Bend and beyond.  A recent report by the Florida Chamber of Commerce showed the Sunshine State is poised for growth in workforce, innovation and economic activity in the years ahead. These positive forecasts build on the more than $30 billion in economic activity and over 130,000 new jobs created just lasted year.

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Obama's War On Coal Is a Good Idea

Today the Environmental Protection Agency is going to roll out new regulations on new coal- and gas-fired power plants. Specifically, new gas-fired plants will be limited to 1,000 pounds of carbon dioxide emissions per megawatt hour while new coal plants will be given the more generous limitation of 1,100 pounds of carbon dioxide per megawatt hour. The difference, however, is that existing technology makes it reasonably easy for gas-fired plants to comply with that rule while it's extremely doubtful that any new coal-fired power plants will be built under this regulation.

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