Coal Age

JUN 2019

Coal Age Magazine - For more than 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.

Issue link:

Contents of this Issue


Page 8 of 51

June 2019 7 u.s. news continued committed to ensuring a coal-fueled power plant fleet that provides stable energy to the power grid." The projects fall under three ar- eas of interest: Sensors, Diagnostics, and Controls to Improve Prediction, Performance, and Reliability; Power Plant Component Improvement; and Data Analytics Driven Controls. DOE's National Energy Technolo- gy Laboratory will manage all of the selected projects. Judge Says Clean Water Rule Violates APA On May 28, a judge in the U.S. Dis- trict Court for the Southern District of Texas ruled that the Water of the United States (WOTUS) rule, released during the former President Barack Obama administration, violated the Administrative Procedure Act (APA). In his ruling, Judge George C. Hanks Jr. said the final rule differed so substantively from the proposed rule that stakeholders were not given the opportunity to comment on the rule's definition of "adjacent waters." Also, that the Environmental Protec- tion Agency (EPA) violated the APA by releasing the technical basis for the proposed rule after the public notice and comment period had closed. Judge Hanks said, "the APA does not envision requiring interested par- ties to parse through vague references like tea leaves to discern an agency's regulatory intent regarding such sig- nificant changes to a final rule." The court remanded the 2015 rule to the EPA and the Army Corps of En- gineers while maintaining the prelim- inary injunction against the rule that it first imposed in 2018. River Flooding Impacts Foresight Energy Foresight Energy LP generated first- quarter coal sales revenues of $267.3 million on sales volumes of near- ly 5.7 million tons, resulting in a net loss of $16.8 million, adjusted EBIT- DA of $65.5 million, and cash flows from operations of $49.2 million. The company said production was strong with the mines producing more than 6 million tons during the quarter. "Despite the difficult flooding conditions experienced on the river and at our ports on the Gulf, we ex- ported nearly 2.2 million tons during the quarter and, given our contracted position, we maintained sales reali- zations even though we continue to see a decline in API2 pricing," Chair- man, President and CEO Robert D. Moore said. "These factors, combined top 10 coal-producing states and regions weekly spot prices (Thousands of Short Tons) Week Ending (6/1/19) YTD '19 YTD '18 % Change Wyoming 112,882 122,096 -7.5 West Virginia 39,168 40,189 -2.5 Pennsylvania 20,015 21,023 -4.8 Illinois 19,547 20,752 -5.8 Kentucky 15,299 16,918 -9.6 Montana 15,173 15,144 0.2 Indiana 14,368 14,409 -0.3 North Dakota 11,807 12,148 -2.8 Texas 8,525 10,412 -18.1 Alabama 6,256 6,271 -0.2 Appalachian Total 80,640 84,561 -4.6 Interior Total 53,364 57,189 -6.7 Western Total 156,467 167,082 -6.4 U.S. Total 290,471 308,832 -5.9 ($/ton) Week Ending (6/14/19) Central Appalachia (12,500 Btu, 1.2 SO 2 ) $59.25 Northern Appalachia (13,000 Btu, < 3.0 SO 2 ) $53.40 Illinois Basin (11,800 Btu, 5.0 SO 2 ) $39.10 Powder River Basin (8,800 Btu, 0.8 SO 2 ) $12.30 Uinta Basin (11,700 Btu, 0.8 SO 2 ) $35.90 Source: Energy Information Administration monthly stats from coal country U.S. News Continued on Page 10

Articles in this issue

Links on this page

Archives of this issue

view archives of Coal Age - JUN 2019