Consol reports quarterly loss, continues exit from coal

April 27, 2016 0

Independent gas natural gas liquids producer/coal company Consol Energy today reported a first-quarter loss due to lower sales prices and one-time charges despite substantial production increases from its Marcellus and Utica Shale holdings. The company, […]

RWE to reduce operations at UK coal-fired plant

April 27, 2016 0

RWE npower, a British unit of German utility company RWE, said it will downgrade operations at the Aberthaw coal-fired power plant in Wales due to “extremely challenging conditions,” Kallanish Energy learns. The 1,555-megawatt (MW) plant […]

Germany’s RWE suspends dividends amid company crisis

April 21, 2016 0

German power producer RWE said Wednesday during its shareholders’ meeting in Essen, Germany, the suspension of common share dividends is a necessary measure to stabilize the company, Kallanish Energy learns. “The suspension of the payout […]

Consumers Energy closes 7 coal plants

April 19, 2016 0

Michigan-based utility Consumers Energy retired its seven oldest coal-fired power plants last week, Kallanish Energy learns. The decision came not only because of increased federal pressure for cleaner plant emissions, but also because coal generation […]

Corsa Coal announces brokered private placement

April 19, 2016 0

Metallurgical coal company Corsa Coal said Monday it’s hired Paradigm Capital to sell, via private placement, common shares in Corsa for gross proceeds of up to $7.82 million, Kallanish Energy reports. Corsa is based in […]

Peabody latest coal mining company to go Chapter 11

April 14, 2016 0

The world’s largest private-sector coal company, Peabody Energy, and nearly 200 affiliated debtors have filed for Chapter 11 protection with the U.S. Bankruptcy Court for the Eastern District of Missouri. Peabody said it intends to […]

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