Archive for October, 2013

More News and Commentary

Supplies of cheap, recoverable coal dwindling, report says

Supplies of cheap, recoverable coal dwindling, report says

WASHINGTON — “A report released Wednesday says that industry claims that the U.S. has 200 or more years’ worth of coal ignore a key fact: Much of the remaining coal is too deep and therefore too expensive to mine. The report released Wednesday by Clean Energy Action, a non-profit group based in Boulder, Colo., that […]

October 31, 2013 Read More →
Warning: Faulty Reporting on US Coal Supplies

Warning: Faulty Reporting on US Coal Supplies

PEAK COAL REPORT: U.S. COAL “RESERVES” ARE INCORRECTLY CALCULATED, SUPPOSED 200-YEAR SUPPLY COULD RUN OUT IN 20 YEARS OR LESS Federal Estimates Overstate Reserves by Including Coal That Cannot Be Mined Profitably; Production Already Down in All Major Coal Mining States… And Utility Consumers Are Facing  Rising Energy Bill Prices. WASHINGTON, D.C. – “America does […]

October 30, 2013 Read More →
Reckoning Comes to Western Coal Country

Reckoning Comes to Western Coal Country

WYOMING- “Decades of government subsidy have cost taxpayers, wrecked the environment and could burn even more carbon than the Keystone pipeline project…. To consider what coal has taken from the PRB is really to ask what the government has given away. Coal sales in the basin operate on a ‘lease by application’ basis, which means […]

October 28, 2013 Read More →
Big Coal’s Export Lifeboat Hits Stormy Seas

Big Coal’s Export Lifeboat Hits Stormy Seas

WASHINGTON- “A year and a half ago, the U.S. coal industry—faced with a steady decline in domestic coal consumption—seemed to have found a lifeboat. The industry planned to export vast amounts of western coal from the Powder River Basin of Wyoming and Montana, shipping the coal by rail to new export terminals planned on the […]

October 23, 2013 Read More →
The zombie coal plant

The zombie coal plant

Environmentalists want to kill off Brayton Point. The Patrick administration says let the market do the dirty work. BOSTON – “Jay O’Hara didn’t have to see the gun to get spooked. The sound of the bullet hitting the chamber of a police officer’s rifle was enough. ‘I heard the bolt action of the rifle over […]

October 18, 2013 Read More →
Environmental groups fault EFH, regulators on reclamation costs

Environmental groups fault EFH, regulators on reclamation costs

FORT WORTH- “Two environmental groups say it’s far from assured that Dallas-based Energy Future Holdings will be able to meet its obligations to reclaim East Texas coal mines if the big utility files for bankruptcy and the mines are closed in the future. The Sierra Club and Public Citizen said Wednesday that a new study […]

October 17, 2013 Read More →
Watchdog: Energy Future Holdings Bankruptcy Could Place Texas Taxpayers on the Hook

Watchdog: Energy Future Holdings Bankruptcy Could Place Texas Taxpayers on the Hook

By Brantley Hargrove, Dallas Observer DALLAS – “With Dallas-based Energy Future Holdings’ bankruptcy possibly approaching as soon as the end of this month, Public Citizen warns that if the giant electric utility’s assets are broken up, Texas taxpayers may end up paying to reclaim its coal mines. As we’ve reported before, the Sierra Club’s Beyond […]

October 17, 2013 Read More →
Green groups seek assurances Energy Future can clean up coal mines

Green groups seek assurances Energy Future can clean up coal mines

HOUSTON,  (Reuters) – “Environmental group leaders on Wednesday urged Texas regulators to ensure that financially strapped Energy Future Holdings can cover the cost of cleaning up its coal mine operations in the state in the future. Dallas-based Energy Future Holdings (EFH +0.34%), the state’s largest generator of electricity, is working to restructure about $40 billion […]

October 17, 2013 Read More →
Press release: Energy Future Holdings $1 Billion Bonding for Texas Mines Doesn’t Pass the Smell Test.  Public Citizen & Sierra Club Call for Action to Protect Taxpayers

Press release: Energy Future Holdings $1 Billion Bonding for Texas Mines Doesn’t Pass the Smell Test. Public Citizen & Sierra Club Call for Action to Protect Taxpayers

AUSTIN, TX – “An exclusive report from Public Citizen and Sierra Club reveals that Energy Future Holdings (EFH) and its subsidiaries have not set aside cash or real assets to cover the $1.01 billion cost of cleaning up its strip mines in Texas. As a result, taxpayers could end up with the bill if mines […]

October 16, 2013 Read More →
Report- Energy Future Holdings and Mining Reclamation Bonds in Texas

Report- Energy Future Holdings and Mining Reclamation Bonds in Texas

Energy Future Holdings and Mining Reclamation Bonds in Texas (pdf)

October 16, 2013 Read More →